Zbra LKT Des 2011

Sontoso
& kekon
Fegi:Ierec FuL|ic /cccunIcnI:
PT. ZEBRA NUSANTARA Tbk
DAN ENTITAS ANAK/ AND ITS SUBSIDIARIES
LAPORAN KEUANGANKONSOLIDASIAN/
CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUNYANG BERAKHIR
31 DESEMBER 2011/
FOR THE YEARENDED DECEMBER 31, 2011
(DENGAN ANGKA PERBANDINGANTAHUN 2010)/
(WITH COMPARATIVE FIGURES IN2010)
DAN LAPORAN AUDITOR INDEPENDEN /
AND INDEPENDENT AUDITORS REPORT
PT ZEBRA NUSANTARA TbkDAN ENTITAS ANAK PT ZEBRA NUSANTARA Tbk AND ITS SUBSIDIARIES
DAFTAR ISI TABLE OF CONTENTS
i
Halaman /
Page
SURAT PERNYATAAN DIREKSI 1 DIRECTORS STATEMENT LETTER
LAPORAN AUDITOR INDEPENDEN 2-3 INDEPENDENT AUDITORS REPORT
LAPORAN KEUANGAN KONSOLIDASIAN
Pada tanggal 31 Desember 2011 serta untuk tahun
yang berakhir padatanggal tersebut
(Dengan Angka Perbandingan Tahun 2010)
CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2011 and for the year
then ended
(With Comparative Figures In 2010)
Laporan Posisi Keuangan Konsolidasian 4 Consolidated Statements of Financial
Position
Laporan Laba Rugi Komprehensif Konsolidasian 6 Consolidated Statements of
Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian 7 Consolidated Statements of Changes in
Equity
Laporan Arus Kas Konsolidasian 8 Consolidated Statements of Cash Flows
Catatan Atas Laporan Keuangan Konsolidasian 9 Notes to Consolidated Financial
Statements
PT ZEBRA NUSANTARA Tbk DAN ENTITAS ANAK PT ZEBRA NUSANTARA Tbk AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2011 DAN 1 JANUARI 2010 DECEMBER 31, 2011 AND J ANUARY 1, 2010
(Dengan Angka Perbandingan Tahun 2010) (With Comparative Figures In 2010 )
(Disajikan dalamRupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
31 Desember 2011 / 31 Desember 2010 / 1 Januari 2010 /
Catatan / December 31, December 31, J anuary 1,
Notes 2011 2010 2010
Rp Rp Rp
ASET ASSETS
ASET LANCAR CURRENT ASSETS
Kas dan setara kas 4. 189.715.077 210.900.943 274.829.208 Cash and cash equivalents
Piutang usaha 5. 390.869.197 135.887.747 91.740.302 Trade accounts receivable
Piutang lain-lain setelah dikurangi Other accounts receivable, net of
penyisihan piutang ragu-ragu sebesar provision for doubtful receivables of
Rp. 1.648.091.003,- pada 31 Desember 2011, Rp. 1.648.091.003,- at December 31, 2011
Rp. 1.231.230.471,- pada 31 Desember 2010 Rp. 1.231.230.471,- at December 31, 2010
dan Rp. 770.087.896,- pada 1 Januari 2010 6. 4.046.864.270 4.053.176.064 4.416.265.055 and Rp. 770.087.896,-at January 1, 2010
Persediaan 7. 2.116.792.727 2.209.594.198 2.929.887.159 Inventories
Uang muka pembelian 145.802.763 195.928.513 411.663.753 Advances for purchases
Biaya dibayar dimuka 2.394.646.835 1.992.126.532 1.968.903.906 Prepaid expenses
Jumlah Aset Lancar 9.284.690.869 8.797.613.997 10.093.289.383 Total Current Assets
ASET TIDAK LANCAR NON-CURRENT ASSETS
Aset tetap - setelah dikurangi akumulasi penyusutan Fixed assets net of accumulated depreciation
Rp. 108.344.970.932,- pada 31 Desember 2011 Rp. 108.344.970.932,- at December 31, 2011
Rp 102.799.467.264,- pada 31 Desember 2010 Rp 102.799.467.264,- at December 31, 2010
dan Rp. 94.794.527.147,- pada 1 Januari 2010 8,17,19,20. 35.481.883.510 41.600.366.977 51.335.594.349 Rp 94.794.527.147,- at January 1, 2010
Piutang koperasi karyawan 258.639.819 273.639.819 273.639.819 Employee cooperative accounts receivable
Aset pajak tangguhan - bersih 24. 9.256.624.541 8.720.603.855 5.830.264.717 Deferred tax assets - net
Biaya pra operasi 9. 1.328.400.270 1.357.842.005 1.475.608.925 Pre operating expenses
4
Biaya pra operasi 9. 1.328.400.270 1.357.842.005 1.475.608.925 Pre operating expenses
Jaminan 1.039.844.948 1.113.280.000 1.113.280.000 Deposit guaranteed
Jumlah Aset Tidak Lancar 47.365.393.088 53.065.732.656 60.028.387.810 Total Non-current assets
JUMLAH ASET 56.650.083.957 61.863.346.653 70.121.677.193 TOTAL ASSETS
Lihat catatan atas laporan keuangan konsolidasian yang merupakan See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. which are an integral part of the consolidated financial statements.
4
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2011 DAN 1 JANUARI 2010 DECEMBER 31, 2011 AND J ANUARY 1, 2010
31 Desember 2011 / 31 Desember 2010 / 1 Januari 2010 /
Catatan / December 31, December 31, J anuary 1,
Notes 2011 2010 2010
Rp Rp Rp
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES
Utang usaha - pihak ketiga 10. 2.031.454.880 2.075.818.083 1.933.265.310 Trade accounts payable-third parties
Utang lain-lain: 11,27. Other accounts payable
Pihak berelasi 208.050.000 208.050.000 208.050.000 Related party
Pihak ketiga 636.106.457 1.350.601.995 862.314.221 Third parties
Utang pajak 12,24. 396.680.095 406.065.445 383.388.015 Taxes payable
Biaya yang masih harus dibayar 13. 910.102.374 741.117.805 515.278.378 Accrued expenses
Wesel bayar 14. 25.417.624.339 25.417.624.339 23.983.269.164 Notes payables
Utang bank 15. 1.471.543.183 - - Bank loan
Utang jangka panjang yang jatuh tempo
dalamsatu tahun: Current maturities of long-termliabilities
Bank 16. 1.656.000.000 - - Bank loan
Pinjaman jangka panjang 8,17. 582.241.502 625.178.328 659.685.157 Long - termloans
Sewa pembiayaan 8,17. - - 1.570.636.046 Finance lease obligations
Jumlah Liabilitas Jangka Pendek 33.309.802.830 30.824.455.995 30.115.886.291 Total Current Liabilities
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Utang jangka panjang - setelah dikurangi bagian
yang jatuh tempo dalamsatu tahun Long termliabilities - net of current maturities
Bank 16. 2.240.000.000 - - Bank loan
Pinjaman jangka panjang 8,17. - 57.898.712 184.545.718 Long - termloans
5
Pinjaman jangka panjang 8,17. - 57.898.712 184.545.718 Long - termloans
Sewa pembiayaan 8,17. - - - Finance lease obligations
Liabilitas imbalan pasca kerja 26. 2.593.024.367 3.139.580.653 2.556.493.412 Employee benefits obligation
Jumlah Liabilitas Jangka Panjang 4.833.024.367 3.197.479.365 2.741.039.130 Total Non-current liabilities
EKUITAS EQUITY
Modal disetor Paid capital stock
- Modal sahamnilai nominal Rp 500 Capital stock - Rp. 500 par value per series
per sahamseri A dan Rp 100 per saham A share and Rp 100 par value per
seri B series B share
- Modal ditempatkan dan disetor penuh - Subscribed and paid up 40,082,498
40.082.498 sahamseri A dan series A shares and 615,583,704
615.583.704 sahamseri B tahun 2011 series B shares in 2011
dan 2010 18. 81.599.619.400 81.599.619.400 81.598.669.400 and 2010
Tambahan modal disetor - bersih 19. (5.387.393.156) (5.387.393.156) (5.387.393.156) Additional paid - in capital - net
Defisit (57.816.825.535) (48.870.464.006) (39.837.711.283) Deficit
Ekuitas yang dapat diatribusikan kepada pemilik Equity attributable to owners
Entitas induk 18.395.400.709 27.341.762.238 36.373.564.961 of the Parent
Kepentingan non pengendali 20. 111.856.051 499.649.055 891.186.811 Non-controlling interest
Jumlah Ekuitas 18.507.256.760 27.841.411.293 37.264.751.772 Total Equity
JUMLAH LIABILITAS DAN EKUITAS 56.650.083.957 61.863.346.653 70.121.677.193 TOTAL LIABILITIES AND EQUITY
5
LAPORAN POSISI KEUANGAN KONSOLIDASIAN PT ZEBRA NUSANTARA Tbk AND ITS SUBSIDIARIES
LAPORAN LABA RUGI KOMPREHENSIF KONSOLIDASIAN CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2011 FOR THE YEAR ENDED DECEMBER 31, 2011
Catatan /
Notes 2011 2010
Rp Rp
PENDAPATAN USAHA BERSIH 21. 19.854.225.824 23.175.576.188 NET REVENUES
BEBAN LANGSUNG 22. 17.627.099.716 21.877.727.137 DIRECT COST
LABA KOTOR 2.227.126.108 1.297.849.051 GROSS PROFIT
BEBAN USAHA 23. 9.109.793.862 10.647.877.557 OPERATING EXPENSES
RUGI USAHA (6.882.667.754) (9.350.028.506) LOSS FROM OPERATING
Penghasilan bunga 33.250.674 23.733.145 Interest income
Laba (rugi) penjualan aset tetap 72.953.202 (311.888.224) Gain (loss) of property and equipment
Beban bunga (541.607.467) (107.725.628) Interest expense
Beban penyisihan piutang (453.768.532) (461.142.575) Provision for doubtful receivables
Selisih kurs - bersih (203.262.582) 4.968.742 Foreign exchange - net
Lain-lain - bersih (1.895.072.760) (2.112.546.571) Others - Net
Jumlah Pendapatan (Beban) Lain-lain - Bersih (2.987.507.465) (2.964.601.111) Others Income (Charges) Net
RUGI SEBELUMPAJAK (9.870.175.219) (12.314.629.617) LOSS BEFORE TAX
PENGHASILAN (BEBAN) PAJAK 24. TAX INCOME (EXPENSE)
Pajak kini - - Current tax
Pajak tangguhan 536.020.686 2.890.339.138 Differed Tax
Jumlah Penghasilan (Beban) Pajak 536.020.686 2.890.339.138 Total Tax Income (Expense)
6
RUGI BERSIH TAHUN BERJALAN (9.334.154.533) (9.424.290.479) NET - LOSS FOR THE YEAR
PENDAPATAN KOMPREHENSIF LAIN - - OTHER COMPREHENSIVE INCOME
JUMLAH RUGI KOMPREHENSIF (9.334.154.533) (9.424.290.479) TOTAL COMPREHENSIVE LOSS
JUMLAH RUGI KOMPREHENSIF YANG DAPAT TOTAL COMPREHENSIVE LOSS
DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO:
- Pemilik Entitas Induk (8.946.361.529) (9.032.752.723) - Owner Of The Company
- Kepentingan Nonpengendali (387.793.004) (391.537.756) - Noncontroling Interest
Jumlah Rugi Komprehensif (9.334.154.533) (9.424.290.479) Total Comprehensive Loss
RUGI PER SAHAM 25. 655.666.202 LOSS PER SHARE
- Dasar (14,24) (14,37) Basic
- Dilusian (14,24) (14,37) Diluted
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PTZEBRANUSANTARATbk DANENTITASANAK PT ZEBRA NUSANTARA Tbk ANDITS SUBSIDIARIES
LAPORANPERUBAHANEKUITASKONSOLIDASIAN CONSOLIDATEDSTATEMENTS OF CHANGES INEQUITY
(DisajikandalamRupiah, kecuali dinyatakanlain) (Expressed in Rupiah, unless otherwisestated)
Modal
Ditempatkan dan Tambahan modal Diatribusikan kepada
Disetor Penuh/ disetor/ Saldo laba / Kepentingan Nonpengendali /
Paid-up Additional Retained earnings Attributable to Non-controlling
Capital Stock Paid-in capital Defisit/Deficit Jumlah / Total Interest Jumlah/Total
Rp Rp Rp Rp Rp Rp
Saldo31 Desember 2009 81.598.669.400 (5.387.393.156) (38.926.640.026) 37.284.636.218 - 37.284.636.218 BalanceJ anuary 1, 2010
Reklasifikasi penyajian awal sesuai revisi Reclassification of presentation accordance
PSAK1 - - (446.223.789) (446.223.789) 446.223.789 - of revised PSAK1
Pengaruh penerapan dan penyajian kembali Effect of the initial adoption and representation
sesuai revisi PSAK4 - - (464.847.468) (464.847.468) 444.963.022 (19.884.446) accordance of revised PSAK4
Diatribusikan kepada pemilik entitas induk / Attributable to owners of the parent
UNTUKTAHUNYANGBERAKHIR31 DESEMBER2011
(DenganAngka PerbandinganTahun2010)
FORTHEYEARENDEDDECEMBER31, 2011
(WithComparative Figures In 2010 )
7
Pengaruh penerapan dan penyajian kembali Effect of the initial adoption and representation
sesuai revisi PSAK4 - - (464.847.468) (464.847.468) 444.963.022 (19.884.446) accordance of revised PSAK4
Saldo1 Januari 2010 81.598.669.400 (5.387.393.156) (39.837.711.283) 36.373.564.961 891.186.811 37.264.751.772 BalanceJ anuary 1, 2010
Tambahan modal 950.000 - - 950.000 - 950.000 Paid in capital
Jumlah rugi komprehensif 2010 - - (9.032.752.723) (9.032.752.723) (391.537.756) (9.424.290.479) Total comprehensive loss 2010
Saldo31 Desember 2010 81.599.619.400 (5.387.393.156) (48.870.464.006) 27.341.762.238 499.649.055 27.841.411.293 BalanceDecember 31, 2010
Jumlah rugi komprehensif 2011 - - (8.946.361.529) (8.946.361.529) (387.793.004) (9.334.154.533) Total comprehensive loss 2011
Saldo31 Desember 2011 81.599.619.400 (5.387.393.156) (57.816.825.535) 18.395.400.709 111.856.051 18.507.256.760 BalanceDecember 31, 2011
-
7
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2011
(With Comparative Figures In 2010 )
2011 2010
Rp Rp
ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan kas dari pelanggan 19.575.380.718 23.131.428.743 Cash receipts from customers
Pembayaran kas kepada pemasok karyawan
dan pengemudi (24.454.458.380) (22.018.815.059) Cash paid to suppliers and employees
Kas yang dihasilkan (digunakan) dari aktivitas operasi (4.879.077.662) 1.112.613.685 Cash generated from (used in)operations
Pembayaran beban bunga (526.296.312) (380.023.429) Payment for interest expense
Penerimaan dari penghasilan bunga 33.250.674 23.733.145 Cash received from interest income
Kas Bersih Diperoleh dari (Digunakan Untuk) Aktivitas Operasi (5.372.123.300) 756.323.401 Net Cash Provided by (Used in) Operating Activities
ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES
Perolehan aset tetap (22.020.200) (52.169.004) Acquisition of fixed assets
Pelepasan aset tetap 106.250.000 (470.647.956) Sales of fixed assets
Kas Bersih Diperoleh dari (Digunakan untuk)
Aktivitas Investasi 84.229.800 (522.816.960) Net Cash Provided by (Used in) Investing Activities
ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES
Pembayaran utang bank dan pinjaman Payment of Bank loans and long-term loans -
jangka panjang - bersih (1.233.292.366) (161.153.835) net
Pembayaran hutang sewa pembiayaan - (1.570.636.046) Payment of lease liabilities
Penerimaa pinjaman dari bank 6.500.000.000 - Provided by loan
Penerimaan wesel bayar - 1.434.355.175 Provided by promissory note
Kas Bersih Diperoleh Dari (Digunakan Untuk) Net Cash Provided by (Used in)
Dari Aktivitas Pendanaan 5.266.707.634 (297.434.706) Financing Activities
PENURUNAN BERSIH KAS DAN NET CASH DECREASE IN CASH
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2011
(Dengan Angka Perbandingan Tahun 2010)
8
PENURUNAN BERSIH KAS DAN NET CASH DECREASE IN CASH
SETARA KAS (21.185.866) (63.928.265) AND CASH EQUIVALENT
CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS AWAL TAHUN 210.900.943 274.829.208 AT BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS AKHIR TAHUN 189.715.077 210.900.943 AT THE END OF YEAR
8
`PT ZERA NU8ANTARA Tbk 0AN ENT|TA8 ANAK
6ATATAN ATA8 LAP0RAN KEUANCAN K0N80L|0A8|AN
31 0E8EHER 2011 0AN 1 JANUAR| 2010
(0engan Angka Perband|ngan Tahun 2010}
(0|saj|kan da|am Rup|ah, kecua|| d|nyatakan |a|n}
PT ZE8RA hJ8AhTARA Tbk Ah0 lT8 8J88l0lARlE8
h0TE8 T0 C0h80Ll0ATE0 FlhAhClAL 8TATEYEhT8
0ECEY8ER 31, 2011 Ah0 JAhJARY 1,2010
[with Comparative Figures ln 2010}
[Expressed in Rupiah, unless otherwise stated}
9
1. UHUH 1. CEhERAL
a. Pend|r|an dan |nformas| Umum a. Establishment and Ceneral lnformation
PT Zeora Nusarlara To| (Perseroar) d|d|r||ar dergar rara
PT Zeora da|ar rarg|a urdarg-urdarg Perararar Voda|
0a|ar Neger| No. larur 198 jo urdarg-urdarg No. 12
larur 19Z0 oerdasar|ar a|la No. 1 dar| 3oelj|plo, 3.l.,
rolar|s d| 3uraoaya. A|la perd|r|ar |r| d|sar|ar o|er Verler|
Kera||rar Repuo||| lrdores|a da|ar 3ural Kepulusarrya
No. C2-52Z.lT.01.01.Tl.8Z largga| 12 0|looer 198Z serla
d|urur|ar da|ar Leroarar 8er|la Negara No. 51 largga|
21 Jur| 1988, Taroarar No. 0Z. Arggarar 0asar Perseroar
le|ar rerga|ar| oeoerapa |a|| peruoarar, lera|r|r
oerdasar|ar a|la No. 38 largga| 30 Jur| 2009 dar| Ed|
Pr|yoro, 3.l., rolar|s d| 3uraoaya rergera| perryalaar
|epulusar rapal Perseroar leroalas PT Zeora Nusarlara To|.
A|la peruoarar |r| da|ar proses rerpero|er perselujuar dar|
Verler| Kera||rar dar la| Asas| Varus|a Repuo|||
lrdores|a.
PT Zeora husan|ara Tok {Tne "0ompanyj uas es|ao||sneo
|ne name ol PT Zeora unoer |ne lrameuork ol |ne 0omes||o
0ap||a| lnves|men| lau ho. 6 ol '968 as amenoeo oy lau
ho. '2 ol '970 oaseo on no|ar|a| oeeo ho. 46 ol $oe||p|o,
$.l., no|ary |n $uraoaya. Tne oeeo ol es|ao||snmen| uas
approveo oy |ne V|n|s|er ol Jus||oe ol |ne Repuo||o ol
lnoones|a |n n|s 0eo|s|on le||er ho. 02-6527.lT.0'.0'.Tl.87
oa|eo Do|ooer '2, '987 ano uas puo||sneo |n |ne $|a|e
Saze||e ho. 5'. $upp|emen| ho. 607 oa|eo June 24, '988.
Tne 0ompanys ar||o|es ol assoo|a||on nao oeen amenoeo
severa| ||mes, mos| reoen||y oy no|ar|a| oeeo ho. J8 oa|eo
June J0, 2009 ol Eoy Pr|yono, $.l., no|ary |n $uraoaya |o
oonlorm u||n lau ho.40/2007 regaro|ng |ne l|m||eo l|ao||||y
0ompany. Tnese amenomen| uas prooeeo |o approveo oy
V|n|s|er ol Jus||oe ano luman R|gn|s ol |ne Repuo||o ol
lnoones|a.
Perseroar oerdor|s||| d| 3uraoaya, JaWa T|rur dergar daerar
pergoperas|ar d| 3uraoaya. Karlor Pusal Perseroar
oera|aral d| J|. Jerursar| 3e|alar lv/3, 3uraoaya.
Tne 0ompany |s oom|o||eo |n $uraoaya, Eas| Java ano ||s
opera||ona| area |n $uraoaya. Tne 0ompanys neao oll|oe |s
|ooa|eo |n J|. Jemursar| $e|a|an lv/ J, $uraoaya.
3esua| dergar pasa| 3 arggarar dasar Perseroar, ruarg
||rg|up |eg|alar Perseroaar lerulara ada|ar d| o|darg
arg|ular la|s| dar jasa |a|rrya yarg serupa. Perseroar
rergoperas||ar la|s| 'Zeora dar reryeWa|ar ||rous|re
d| 3uraoaya. Perseroar reru|a| usara |orers|a|rya pada
larur 198Z. Pada largga| 31 0eseroer 2011 dar 2010
Perseroar rer||||| 3Z0 ur|l la|s| dar 555 ur|l la|s|. Jur|ar
|aryaWar Perseroar rala-rala 10 |aryaWar urlu| larur 2011
dar 222 urlu| |aryaWar larur 2010.
3aseo on |ne 0ompany's ar||o|es ol assoo|a||on, |ne soope ol
ao||v|||es ol |ne 0ompany |s ma|n|y |o engage |n prov|o|ng |ax|
ano o|ner s|m||ar serv|oes. Tne 0ompany opera|es "Zeora
|ax| l|ee| ano ren|a| ol ||mous|ne |n $uraoaya ano s|ar|eo
oommero|a| opera||ons |n '987. /s ol 0eoemoer J', 20'' ano
20'0 |ne 0ompany nao J70 |ax| l|ee| ano 555 |ax| l|ee|. Tne
0ompany nao average |o|a| numoer ol emp|oyees ol '60 |n
20'' ano 222 |n 20'0 .
3usurar pergurus Perseroaar pada largga| 31 0eseroer
2011 ada|ar seoaga| oer||ul :
Tne 0ompanys managemen| a| 0eoemoer J', 20'' oons|s|s
ol |ne lo||ou|ng .
Kor|sar|s ulara lrdeperder EdW|r leraWar 3oe|oWal| Pres|oen| 0omm|ss|oner
Kor|sar|s 3oedardjal Nalaalradja 0omm|ss|oners
0|re|lur ulara Lu|| w|drarrad| Pres|oen| 0|reo|or
0|re|lur lraWal| lardojo 0|reo|or
3usurar pergurus Perseroar pada largga| 31 0eseroer
2010 ada|ar seoaga| oer||ul :
Tne 0ompanys managemen| a| 0eoemoer J', 20'0 oons|s|s
ol |ne lo||ou|ng .
Kor|sar|s ulara lrdeperder EdW|r leraWar 3oe|oWal| Pres|oen| 0omm|ss|oner
Kor|sar|s 3oedardjal Nalaalradja 0omm|ss|oners
0|re|lur ulara Vu|yad| Pres|oen| 0|reo|or
0|re|lur lraWal| lardojo 0|reo|or
31 0E8EHER 2011 0AN 1 JANUAR| 2010
10
b. Ent|tas Anak b. 8ubsidiaries
8erdasar|ar a|la No. 1 largga| 19 Aguslus 2003 dar|
Ny. Facrr|a 3.l., rolar|s d| 3uraoaya, ele|l|l pada largga|
1 Aguslus 2003 Perseroar reroe|| 9 alau seoarya| 200
sarar PT 3uraoaya Arlaulara 8ersara (3A8) dar| V. lsra||
3ar|l (peregarg sarar) (Calalar 9). Erl|las Ara| oerdor|s|||
d| 3uraoaya, JaWa T|rur dar oergera| da|ar o|darg arg|ular
dar jasa |a|rrya yarg serupa dar reru|a| operas| |orers|a|
pada larur 199. Erl|las Ara| |r| rergoperas||ar la|s|
'0aruda dar pada largga| 31 0eseroer 2011 Erl|las Ara|
rer||||| 15Z ur|l la|s| dergar jur|ar asel seoesar
Rp. 1.558.590.Z19,-.
3aseo on no|ar|a| oeeo ho. 4 oa|eo /ugus| '9, 200J ol
Vrs. Faonr|a $.l., no|ary |n $uraoaya, elleo||ve /ugus| ',
200J |ne 0ompany's nas aoqu|reo 96/ equ||y ounersn|p or
|o|a||ng 200 snares ol PT $uraoaya /r|au|ama 3ersama
{$/3j lrom V. lsma|| $ar|l {s|ookno|oerj {ho|es 9j. Tne
suos|o|ary |s oom|o||eo |n $uraoaya ano ||s soope ol ao||v|||es
|s ma|n|y |o engage |n prov|o|ng |ranspor|a||on ano o|ner
s|m||ar serv|oes. l| s|ar|eo oommero|a| opera||ons |n '996. Tne
suos|o|ary opera|es "Saruoa |ax| l|ee| ano as ol 0eoemoer
J', 20'' nao '57 |ax| l|ee| u||n |o|a| asse|s amoun||ng |o
Rp. '.558.590.7'9,-.
8erdasar|ar a|la No. 10 largga| 5 Aguslus 2005 dar| Ed|
Pr|yoro 3.l., rolar|s d| Ja|arla. PT Zeora Ererg| rerero|l|ar
250 |eroar sarar. Perseroarr reroe|| 99 alau seoarya|
219 sarar PT Zeora Ererg|. 3e|arjulrya oerdasar|ar a|la
No. 2 largga| 1 Ju|| 2010 yarg d|oual o|er Nolar|s NurraWar
lar| w|sroro, 3l, V. KN. Erl|las Ara| rer|rg|al|ar roda|
d|selor dar| seru|a 250 |eroar rerjad| 1Z |eroar. Perseroar
oerdor|s||| d| 3uraoaya, JaWa T|rur dar oergera| da|ar
o|darg perdagargar dar jasa |a|rrya. Erl|las ara| |r| pada
larur 2008 ru|a| oeroperas| dergar lola| asel
per 31 0eseroer 2011 seoesar Rp. 5.55.50Z.111,-.
3aseo on no|ar|a| oeeo ho. '0 oa|e /ugus| 5, 2005 ol Eo|
Pr|yono, $.l., no|ary |n Jakar|a, PT Zeora Energ| puo||sn 250
snares. PT Zeora husan|ara nas 249 snares or 99/ ano '
snare nas aoqu|reo PT Zeora Energ| {|ne suos|o|aryj.
Fur|nermore, oaseo on oeeo ho. 2 oa|eo Ju|y ', 20'0 maoe
oy |ne no|ary hurmauan lar| w|smono, $l, V. rh.
$uos|o|ary pa|o |n oap||a| lrom |ne or|g|na| 250 snee|s |o 647
snee|s. Tne 0ompanys ao||v||y |n meronano|ses ano o|ner
serv|oe ano |ooa|eo |n $uraoaya. Tn|s suos|o|ary |s opera||ng
ye| |n 2008, l|ee| u||n |o|a| asse|s as ol 0eoemoer J', 20''
amoun||ng |o Rp. 5.565.507.444,-.
8erdasar|ar a|la No. 31 largga| 12 3epleroer 2008 dar| Ed|
Pr|yoro 3.l. rolar|s d| Ja|arla, Perseroar rerd|r||ar
PT Zeora lrlerral|ora| 0ry Porl dergar |orpos|s| sarar
seoesar Z5 alau seoarya| 938 sarar PT Zeora Nusarlara
To| dar 25 alau seoarya| 312 sarar l|raWar
Kerlorugroro.
3aseo on no|ar|a| oeeo ho. J4 oa|e $ep|emoer '2, 2008 ol
Eo| Pr|yono, $.l., no|ary |n Jakar|a, 0ompany puo||sn
PT Zeora ln|erna||ona| 0ry Por| u||n 75/ PT Zeora husan|ara
or 9J8 snares ano 25/ or J'2 snares ol l|mauan
rer|onugrono snares.
PT Zeora lrlerral|ora| 0ry Porl oerdor|s||| d| Ja|arla 3e|alar
dar oergera| da|ar o|darg perdagargar dar jasa |a|rrya.
Erl|las ara| |r| oe|ur re|a|u|ar |eg|alar operas|rya, dergar
jur|ar asel Erl|las Ara| seoesar Rp.1.328.100.2Z0,- pada
larur 2011.
8p|n 0ff
0a|ar larur 2010 Perseroar le|ar re|a|u|ar sp|r oll alas
assel slas|ur perg|s|ar 8arar 8a|ar 0as (880) |e PT Zeora
Ererg| (erl|las ara|). Peryerarar asel |r| d|a|u| seoaga|
peraroarar |rveslas| pada Erl|las Ara| seoarya| 39Z
|eroar alau selara dergar Rp. 39Z.000.000,-. Peraroarar
|r| rerga||oal|ar |eper||||ar sarar Perseroar pada ara|
rer|rg|al dar| seoesar 99,0 rerjad| 99,81.
N||a| asel Perseroar yarg d|serar|ar ada|ar seoaga| oer||ul:
PT Zeora ln|erna||ona| 0ry Por| |s oom|o||eo |n Jakar|a $e|a|an
ano ||s ao||v||y |n meronano|ses ano o|ner serv|oe. Tn|s
$uos|o|ary uere no| opera||ng ye| |n 20'', u||n |o|a| asse|s
amoun||ng Rp. '.J28.400.270,-.
8pin 0ff
ln |ne year 20'0 |ne 0ompany maoe a sp|n oll ol asse|s Fue|
Sas l||||ng s|a||ons {0hSj |o PT Zeora Energ| {suos|o|ary
oompanyj. 0e||very ol |nese asse|s |s reoogn|zeo as an
aoo|||ona| |nves|men| |n suos|o|ar|es as muon as J97 snares,
equ|va|en| |o l0R. J97.000.000,-. Tn|s aoo|||on resu||eo |n
ounersn|p ol oompany s|ook |n on||oren |noreaseo lrom 99,60/
|o 99,84/.
Tne va|ue ol oompany asse|s |ranslerreo are as lo||ous .
Jur|ar / Arourl
Rp
larga Pero|erar 1.382.1Z.051 /oqu|||||on 0os|
A|uru|as| Peryusular (15.985.1Z.051) /ooumu|a|eo 0epreo|a||on
N||a| 8u|u 39Z.000.000 3ook va|ue
Per|sarar |r| (sp|n oll) le|ar rerdapal|ar perselujuar dar|
peregarg sarar oerdasar|ar a|la RuP3 No. 01 largga|
1 Ju|| 2010 dergar rolar|s NurraWar lar| w|sroro, 3l,
V.KN.
Tn|s separa||on {sp|n ollj nas reoe|veo approva| lrom
snareno|oers unoer |ne RuP$ ho. ' oa|e Ju|y ', 20'0 u||n a
no|ary hurmauan lar| w|smono, $l, V.rh.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
11
c. Penawaran Umum Efek Perseroan c. Public 0ffering of 8hares of the Company
Pada largga| 25 Ju|| 1991, Perseroar le|ar rerpero|er
perryalaar ele|l|l dar| Kelua 8adar PergaWas Pasar Voda|
(8apepar) sesua| dergar suralrya No. 3.113/PV/1991 urlu|
re|a|u|ar peraWarar urur alas Z.315.900 sarar |epada
rasyara|al. Pada largga| 13 Jur| 1991 sarar lerseoul le|ar
d|calal|ar pada 8ursa Ele| Ja|arla dar 3uraoaya.
Dn Ju|y 25, '99', |ne 0ompany oo|a|neo |ne no||oe ol
elleo||v||y lrom |ne 0na|rman ol |ne 0ap||a| marke| $uperv|sor
/genoy {3apepamj |n n|s |e||er ho. $.''J6/PV/'99' lor ||s
puo||o oller|ng ol 7.J'5.900 snares. Dn June 'J, '99' |nese
snares uere ||s|eo |n |ne Jakar|a ano $uraoaya $|ook
Exonanges.
Pada largga| 1 Jaruar| 2001, Perseroar rerpero|er perryalaar
ele|l|l dar| Kelua 8apepar urlu| re|a|u|ar PeraWarar urur
Teroalas dergar la| Veresar Ele| Ter|eo|r 0aru|u (PeraWarar
urur Teroalas l) urlu| ra|s|rur 511.113.Z23 sarar o|asa ser|
8 dar ra|s|rur 8.91.Z05 Warar ser| l. 3el|ap peregarg 2
|eroar sarar ser| A yarg lercalal pada largga| 1 Jaruar| 2001
rerpurya| ra| urlu| reroe|| 2Z |eroar sarar oaru ser| 8
dergar rarga Rp 100 per |eroar (alau dergar rarga Rp 2.Z00,-
per pa|el). urlu| sel|ap peroe||ar |e||palar 5 |eroar sarar
ser| 8, peroe|| a|ar rerer|ra 9 Warar ser| l secara cura-cura.
Per|ode pe|a|saraar Warar d|ru|a| dar| largga| 21 Ju|| 2001
sarpa| dergar 25 Jaruar| 200. Peregarg Warar rerpurya|
ra| oe|| 1 (salu) sarar ser| 8 urlu| sel|ap Warar yarg d|r|||||,
pada rarga pe|a|saraarrya yarg seoesar Rp 100,- sel|ap sarar.
Dn January '6, 200', |ne 0ompany oo|a|neo |ne no||oe ol
elleo||v||y lrom |ne 0na|rman ol 3apepam |o oonouo| ||m||eo
oller|ng u||n preemp||ve r|gn|s {l|m||eo Dller|ng lj oons|s||ng
ol max|mum ol 54'.''J.72J ser|es 3 oommon snares ano
max|mum ol 86.964.705 ser|es l uarran|s. For every 2 ser|es
/ snares ne|o oy a s|ookno|oer on reooro as ol January '6,
200', |ne s|ookno|oer nas a r|gn| |o puronase 27 neu ser|es 3
snares a| Rp '00 per snare {or a| Rp 2.700,- per paokagej.
Tne ouyer u||| reoe|ve 9 ser|es l uarran|s |n every 56 ser|es 3
snares aoqu|reo. Tne uarran|s oan oe exero|seo lrom Ju|y 24,
200' un||| January 25, 2006. Tne uarran| no|oer |s en||||eo |o
puronase ' ser|es 3 snare lor every ' uarran| ne|o, a| an
exero|se pr|oe ol Rp '00,- per snare.
Pada largga| 31 0eseroer 2011 dar 2010 se|urur sarar
yarg oeredar ada|ar 10.082.198 |eroar ser| A dar
15.583.Z01 |eroar ser| 8.
/s ol 0eoemoer J', 20'' ano 20'0, a|| ol |ne ou|s|ano|ng
ser|es / snares amoun| 40.082.498 snares, ser|es 3 snares
amoun| 6'5.58J.704 snares.
2. PENERAPAN 8TAN0AR AKUNTAN8| KEUANCAN ARU 0AN
REV|8| (P8AK} 0AN |NTERPRETA8| 8TAN0AR AKUNTAN8|
KEUANCAN (|8AK}
2. A00PTl0h 0F hEw Ah0 REVl8E0 8TATEYEhT8 0F
FlhAhClAL ACC0JhTlhC 8TAh0AR08 [P8AK} Ah0
lhTERPRETATl0h 0F FlhAhClAL ACC0JhTlhC 8TAh0AR08
[l8AK}
0a|ar larur oerja|ar Perseroar dar erl|las ara| le|ar rererap|ar
slardar oaru dar rev|s| serla |rlerprelas| yarg d||euar|ar o|er
0eWar 3lardar A|urlars| Keuargar dar| l|alar A|urlar lrdores|a
yarg re|evar dergar operas|rya dar ele|l|l urlu| per|ode a|urlars|
yarg d|ru|a| pada largga| 1 Jaruar| 2011. Pererapar slardar oaru
dar rev|s| serla |rlerprelas| le|ar oerdarpa| lerradap peruoarar
|eo|ja|ar a|urlars| Perseroar dar erl|las ara| yarg
rerpergarur| peryaj|ar dar pergurg|apar |aporar |euargar
|orso||das|ar urlu| larur oerja|ar alau larur seoe|urrya.
ln |ne ourren| year, |ne 0ompany ano ||s suos|o|ar|es nave
aoop|eo ol |ne neu ano rev|seo s|anoaros ano |n|erpre|a||ons
|ssueo oy |ne F|nano|a| /oooun||ng $|anoaros 3oaro ol |ne
lnoones|an lns|||u|e ol /oooun|ans |na| are re|evan| |o |ne|r
opera||ons ano elleo||ve lor aoooun||ng per|oos oeg|nn|ng on
January ', 20''. Tne aoop||ons ol |nese neu ano rev|seo
s|anoaros ano |n|erpre|a||ons nas resu||eo |n onanges |o |ne
0ompany ano ||s suos|o|ar|es aoooun||ng po||o|es |n |ne lo||ou|ng
areas, ano alleo|eo oonso||oa|eo l|nano|a| s|a|emen|s presen|a||on
ano o|so|osures lor |ne ourren| or pr|or years.
P8AK No. 1 : Penyaj|an Laporan Keuangan P8AK ho. 1 : Presentation of Financial 8tatements
3lardar rev|s| |r| rergalur peruoarar da|ar lorral dar |s| |aporar
|euargar |orso||das|ar, lerrasu| rev|s| judu| |aporar |euargar
|orso||das|ar.
Tn|s rev|seo s|anoaros nas |n|roouoeo onanges |n |ne lorma| ano
oon|en| ol |ne oonso||oa|eo l|nano|a| s|a|emen|s, |no|uo|ng rev|seo
||||es ol |ne oonso||oa|eo l|nano|a| s|a|emen|s.
3eoaga| ras|| dar| pererapar slardar rev|s| |r|, Perseroar dar
erl|las ara| reryaj||ar serua peruoarar per|||| da|ar e|u|las
pada |aporar peruoarar e|u|las |orso||das|ar. 3erua peruoarar
ror-per|||| da|ar e|u|las d|saj||ar da|ar |aporar |aoa rug|
|orprerers|l |orso||das|ar. lrlorras| |orparal|l d|saj||ar |eroa||
urlu| reryesua||ar dergar slardar.
/s a resu|| ol aoop||ng |n|s rev|seo s|anoaro, |ne 0ompany ano ||s
suos|o|ar|es presen| a|| ouner onanges |n equ||y |n |ne oonso||oa|eo
s|a|emen|s ol onanges |n equ||y. /|| non-ouner onanges |n equ||y
are presen|eo |n |ne oonso||oa|eo s|a|emen|s ol oomprenens|ve
|noome. 0ompara||ve |nlorma||on nas oeen represen|eo |o oonlorm
u||n |ne s|anoaro.
3eoaga| laroarar, slardar rev|s| rergrarus|ar peryaj|ar |aporar
pos|s| |euargar |el|ga pada largga| 1 Jaruar| 2010 |arera
peruoarar ||as|l||as| |eperl|rgar ror-pergerda|| (seoe|urrya
d|seoul ra| r|ror|las) rerjad| oag|ar dar| e|u|las. Pergurg|apar
laroarar juga d||a|u|ar seruourgar dergar rarajerer roda|,
per||a|ar |r|l|s da|ar rererap|ar |eo|ja|ar a|urlars|, dar suroer-
suroer ulara |el|da|pasl|ar esl|ras|.
ln aoo|||on, |ne rev|seo s|anoaro nas requ|reo |ne presen|a||on ol a
|n|ro s|a|emen| ol l|nano|a| pos|||on as ol January ', 20'0 oeoause
ol |ne onange |n o|ass|l|oa||on ol non oon|ro|||ng |n|eres| {prev|ous|y
knoun as m|nor||y |n|eres|j |o oeoome par| ol equ||y. /oo|||ona|
o|so|osures uere a|so maoe u||n respeo| |o oap||a| managemen|,
or|||oa| uogemen| |n app|y|ng aoooun||ng po||o|es, ano key souroes
ol es||ma||on unoer|a|n|y.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
12
3esua| dergar P3AK No. 1, Perseroar le|ar rere||as|l||as| sa|do
del|s|l yarg d|alr|ous||ar |epeda |eperl|rgar ror-pergerda||
seoesar Rp. 11.223.Z89,- serla reryaj||ar |eroa|| sa|do
|eperl|rgar ror-pergerda|| seoesar Rp. 111.93.022,- per largga|
1 Jaruar| 2010 seoaga| oag|ar dar| e|u|las.
ln aoooroanoe u||n P$/r ho. ', |ne 0ompany nas reo|ass|l|eo
oa|ano|ng oel|o|| |s a||r|ou|e |o non-oon|ro|||ng |n|eres| amoun| |o
Rp. 446.22J.789,- ano res|a|e oa|anoe non-oon|ro|||ng |n|eres|
amoun| |o Rp. 444.96J.022,- a| January ', 20'0 as par| ol equ||y.
P8AK No. 4 : Laporan Keuangan Konso||das|an dan Laporan
Keuangan Tersend|r| dan P8AK No. 22 : Komb|nas| |sn|s
P8AK ho. 4 : Consolidated and 8eparate Financial 8tatements
and P8AK ho. 22 : 8usiness Combinations
P3AK No. 1 dar P3AK No. 22 reroer||ar parduar da|ar
rererap|ar relode a|u|s|s| urlu| |oro|ras| o|sr|s. Peruoarar
s|gr|l||ar dar| slardar seoe|urrya, arlara |a|r re||pul| :
P$/r ho. 4 ano |ne re|a|eo P$/r ho. 22 prov|oes gu|oanoe lor
app|y|ng |ne aoqu|s|||on me|noo lor ous|ness oomo|na||ons. Tne
maor onanges lrom |ne prev|ous s|anoaros |no|uoe .
- 3erua o|aya ler|a|l a|u|s|s| d|calal seoaga| oeoar
- Pergu|urar |eroa|| |eperl|rgar e|u|las yarg d|r|||||
seoe|urrya pada r||a| Wajar urlu| |oro|ras| o|sr|s yarg
d||a|u|ar secara oerlarap
- A|urlars| peruoarar |eper||||ar erl|las |rdu| pada erl|las
ara| yarg l|da| rerga||oal|ar r||argrya pergerda||ar
d|calal seoaga| lrarsa|s| e|u|las dar
- Peruoarar |eo|ja|ar a|urlars| urlu| goodW|||.
- Tne |mmeo|a|e expens|ng ol a|| aoqu|s|||on-re|a|eo oos|s
- Tne remeasuremen| ol prev|ous|y ne|o equ||y |n|eres| |n |ne
aoqu|ree a| la|r va|ue |n a ous|ness oomo|na||on aon|eveo |n
s|ages
- /oooun||ng lor onanges |n |ne paren|s ounersn|p |n|eres| |n a
suos|o|ary unoer|ak|ng |na| oo no| resu|| |n |ne |oss ol oon|ro|
as equ||y |ransao||ons ano
- 0nange |n aoooun||ng po||oy ol gooou|||.
3esua| dergar |elerluar lrars|s| slardar |r|, asel dar ||ao|||las yarg
oerasa| dar| |oro|ras| o|sr|s yarg a|u|s|s|rya d||a|u|ar seoe|ur
largga| 1 Jaruar| 2011, l|da| per|u d|sesua||ar.
ln aoooroanoe u||n |ne |rans|||ona| prov|s|ons ol |ne s|anoaro,
asse|s ano ||ao|||||es |na| arose lrom ous|ness oomo|na||ons oelore
January ', 20'' are no| requ|reo |o oe aous|eo.
3arpa| dergar 31 0eseroer 2010, goodW||| d|arorl|sas| se|ara 1
sarpa| dergar 20 larur dergar rerggura|ar relode gar|s |urus,
dar d|uj| |eroa|| urlu| |rd||as| perururar r||a| pada sel|ap a|r|r
per|ode pe|aporar. 3esua| dergar P3AK No 22, Perseroar
rergrerl||ar arorl|sas| goodW||| seja| 1 Jaruar| 2011. 0oodW|||
d|uj| sel|ap larur urlu| perururar r||a| dar alau o||a ler|rd||as| ada
perururar r||a|. A|uru|as| arorl|sas| pada largga| 1 Jaruar| 2010
le|ar d|e||r|ras| dergar r||a| pero|erar goodW|||. N||a| lercalal
goodW||| seoesar Rp 11.81Z.18,- pada largga| 1 Jaruar| 2010
le|ar d|rerl||ar perga|uarrya dergar re|a|u|ar peryesua|ar
lerradap sa|do |aoa pada largga| 1 Jaruar| 2010.
un||| 0eoemoer J', 20'0 gooou||| uas amor||seo over a per|oo
rang|ng lrom 4 |o 20 years on a s|ra|gn| ||ne oas|s, ano a| every ano
ol |ne repor||ng per|oo, reassesseo lor an |no|oa||on ol |mpa|rmen|.
ln aoooroanoe u||n P$/r ho 22, |ne 0ompany oeaseo amor||sa||on
ol gooou||| |s assesseo annua||y lor |mpa|rmen| or unen |nere are
|no|oa|ors ol |mpa|rmen|. /ooumu|a|eo amor||sa||on as a| January ',
20'0 nas oeen e||m|na|eo u||n a oorrepono|ng oeorease |n |ne oos|
ol gooou|||. Tne oarry|ng amoun| ol gooou||| ol Rp 464.847.468,- as
a| January ', 20'0 nas oeen oereoogn|seo u||n a oorrespono|ng
aous|men| |o |ne re|a|neo earn|ngs a| January ', 20'0.
P8AK No. 5 : 8egmen 0peras| P8AK ho. 5 : 0perating 8egments
P3AK No 5 rersyaral|ar pergurg|apar segrer operas| erl|las
dergar cara yarg |ors|sler dergar pe|aporar |rlerra| yarg
d|sarpa||ar |epada pergaro|| |epulusar operas|ora|.
P$/r ho 5 requ|res |ne o|so|osure ol an e|||ys opera||ng |n a
manner oons|s|en| u||n |n|erna| repor|s prov|oeo |o |ne on|el
opera||ng oeo|s|on-maker.
P8AK No. 7 : Pengungkapan P|hak-P|hak ere|as| P8AK ho. 7 : Related Party 0isclosures
P3AK No Z reryerpurra|ar del|r|s| dar pergurg|apar urlu|
p|ra|-p|ra| oere|as|. 3lardar |r| oerdarpa| pada |derl|l||as| p|ra|
ler|a|l dar laroarar pergurg|apar p|ra|-p|ra| oere|as|.
P$/r ho 7 ennanoes |ne oel|n|||ons ano o|so|osures lor re|a|eo
par||es. Tne s|anoaro alleo|eo |ne |oen||l|oa||on ol re|a|eo par||es
ano aoo|||ona| re|a|eo par|y o|o|osures.
Pergurg|apar p|ra|-p|ra| oere|as| yarg d|urg|ap|ar pada Calalar
2Z le|ar d|susur sesua| dergar slardar |r| dar peruoarar lerseoul
d|lerap|ar secara relrospe|l|l.
Tne re|a|eo par|y o|so|osures as o|so|oseo |n ho|e 27 nave oeen
prepareo |n aoooroanoe u||n |ne s|anoaro ano |ne onange nas oeen
app||eo re|rospeo||ve|y.
La|n-|a|n 0thers
Pererapar dar| slardar dar |rlerprelas| oaru/rev|s| oer||ul, yarg
re|evar dergar operas| Perseroar, rarur l|da| rer|rou||ar ele|
raler|a| lerradap |aporar |euargar |orso||das|ar ada|ar :
Tne aoop||on ol |ne lo||ou|ng neu/rev|seo s|anoaros ano
|n|erpre|a||ons, un|on are re|evan| |o |ne 0ompanys opera||ons, ou|
o|o no| resu|| |n a ma|er|a| elleo| on |ne oonso||oa|eo l|nano|a|
s|a|emen|s are as lo||ous .
- P3AK No. 2 Laporar Arus Kas - P$/r ho. 2 $|a|emen| ol 0asn F|ous
- P3AK No. 3 Laporar Keuargar lrler|r - P$/r ho. J ln|er|m F|nano|a| Repor||ng
- P3AK No. 8 Per|sl|Wa 3ele|ar Per|ode Pe|aporar - P$/r ho. 8 Even|s /l|er |ne Repor||ng Per|oo
- P3AK No. 12 8ag|ar Parl|s|pas| da|ar verlura
8ersara
- P$/r ho. '2 ln|eres| |n Jo|n| ven|ures
- P3AK No. 15 lrveslas| pada Erl|las Asos|as| - P$/r ho. '5 lnves|men| |n /ssoo|a|es
- P3AK No. 19 Asel Ta| 8erWujud - P$/r ho. '9 ln|eng|o|e /sse|s
31 0E8EHER 2011 0AN 1 JANUAR| 2010
13
- P3AK No. 23 Perdapalar - P$/r ho. 2J Revenue
- P3AK No. 25 Keo|ja|ar A|urlars|, Peruoarar
Esl|ras| A|urlars| dar Kesa|arar
- P$/r ho. 25 /oooun||ng Po||o|es, 0nanges |n
/oooun||ng Es||ma|es ano Errors
- P3AK No. 18 Perururar N||a| Asel - P$/r ho. 48 lmpa|rmen| ol /sse|s
- P3AK No. 5Z Prov|s|, L|ao|||las Korl|rjers| dar
Asel Korl|rjers|
- P$/r ho. 57 Prov|s|ons, 0on||ngen| l|ao|||||es ano
0on||ngen| /sse|s
- P3AK No. 58 Asel T|da| Larcar yarg 0|r||||| urlu|
0|jua| dar 0peras| yarg 0|rerl||ar
- P$/r ho. 58 hon-ourren| /sse|s le|o lor $a|e ano
0|soon||nueo Dpera||ons
- l3AK No. Z Korso||das| Erl|las 8erlujuar Krusus - l$/r ho. 7 0onso||oa||on - $peo|a| Purposes
En||||es
- l3AK No. 9 Peruoarar alas L|ao|||las A|l|v|las
Purra 0peras|, Resloras| L|ao|||las
3erupa
- l$/r ho. 9 0nanges |n Ex|s||ng
0eoomm|ss|on|ng, Res|ora||on ano
$|m||ar l|ao|||||es
- l3AK No. 10 Prograr Loya||las Pe|arggar - l$/r ho. '0 0us|omer loya||y Programmes
- l3AK No. 1Z Laporar Keuargar lrler|r dar
Perururar N||a|
- l$/r ho. '7 ln|er|m F|nano|a| Repor||ng ano
lmpa|rmen|
- PP3AK No. Percaoular P3AK No. 21 (A|urlars|
E|u|las), l3AK No. 1 (Pererluar
larga Pasar 0|v|der 3arar), l3AK
No. 2 (lrlerprelas| alas Peryaj|ar
P|ularg pada Peresar 3arar) dar
l3AK No. 3 (lrlerprelas| lerlarg
Per|a|uar A|urlars| alas Peroer|ar
3uroargar alau 8arluar)
- PP$/r ho. 6 w||noraua| ol P$/r ho. 2'
{/oooun||ng lor Equ||yj, l$/r ho. '
{0e|erm|na||on ol Varke| va|ue ol
$nare 0|v|oenosj, l$/r ho. 2
{Presen|a||on ol 0ap||a| ano
Reoe|vao|es lrom $nare $uosor|oesj
ano l$/r ho. J {/oooun||ng lor
0ona||on or /ss|s|anoej
3lardar a|urlars| dar |rlerprelas| oaru/rev|s|, serla percaoular
slardar oer||ul, yarg re|evar lerradap |eg|alar operas| Perseroar,
ada|ar :
Tne lo||ou|ng neu/rev|seo aoooun||ng s|anoaros, |n|erpre|a||ons ano
u||noraua| ol s|anoaros, un|on are re|evan| |o |ne 0ompanys
opera||ons, as lo||ous .
- P3AK No. 10 Pergarur Peruoarar N||a| Tu|ar
va|ula As|rg
- P$/r ho. '0 Tne Elleo|s ol 0nanges |n Fore|gn
Exonange Ra|es
- P3AK No. 13 Properl| lrveslas| - P$/r ho. 'J lnves|men| Proper|y
- P3AK No. 1 Asel Telap - P$/r ho. '6 F|xeo /sse|s
- P3AK No. 21 lroa|ar Kerja - P$/r ho. 24 Emp|oyee 3enel||s
- P3AK No. 2 8|aya P|rjarar - P$/r ho. 26 3orrou|ng 0os|
- P3AK No. 28 A|urlars| Asurars| Kerug|ar - P$/r ho. 28 /oooun||ng lor loss lnsuranoe
- P3AK No. 30 3eWa - P$/r ho. J0 leas|ng
- P3AK No. 33 A|l|v|las Perge|upasar Lap|sar
Tarar dar Perge|o|aar L|rg|urgar
l|dup pada Perlaroargar urur
- P$/r ho. JJ $|r|pp|ng /o||v|||es ano Env|ronmen|a|
Vanagemen| on Senera| V|n|ng
- P3AK No. 31 A|urlars| Korlra| Korslru|s| - P$/r ho. J4 0ons|ruo||on 0on|rao|s
- P3AK No. 1 A|urlars| Paja| Pergras||ar - P$/r ho. 46 lnoome Taxes
- P3AK No. 50 lrslrurer Keuargar : Peryaj|ar - P$/r ho. 50 F|nano|a| lns|rumen|s . Presen|a||on
- P3AK No. 55 lrslrurer Keuargar : Perga|uar
dar Pergu|urar
- P$/r ho. 55 F|nano|a| lns|rumen|s . Reoogn|||on
ano Veasuremen|
- P3AK No. 5 Laoa per 3arar - P$/r ho. 56 Earn|ngs per $nare
- P3AK No. 0 lrslrurer Keuargar :
Pergurg|apar
- P$/r ho. 60 F|nano|a| lns|rumen|s . 0|so|osures
- P3AK No. 2 Korlra| Asurars| - P$/r ho. 62 lnsuranoe 0on|rao|
- P3AK No. 1 E|sp|oras| dar Eva|uas| 3uroer
0aya V|rera|
- P$/r ho. 64 Exp|ora||on lor ano Eva|ua||on ol
V|nera| Resouroes
- l3AK No. 15 8alas Asel lroa|ar Pasl|,
Persyaralar Perdaraar V|r|rur
dar lrlera|s|rya
- l$/r ho. '5 Tne l|m|| on a 0el|neo 3enel|| /sse|,
V|n|mum Funo|ng Requ|remen|s ano
|ne|r ln|erao||on
- l3AK No. 1 Perjarj|ar Korses| Jasa - l$/r ho. '6 $erv|oe 0onoess|on /rrangemen|s
- l3AK No. 20 Paja| Pergras||ar - Peruoarar
da|ar 3lalus Paja| Erl|las alau Para
Peregarg 3arar
- l$/r ho. 20 lnoome Taxes - 0nanges |n |ne Tax
$|a|us ol an En|||y or ||s $nareno|oers
- l3AK No. 22 Perjarj|ar Korses| Jasa :
Pergurg|apar
- l$/r ho. 22 $erv|oe 0onsess|on /rrangemen|s .
0|so|osure
- l3AK No. 23 3eWa 0peras| - lrserl|l - l$/r ho. 2J Dpera||ng l|s| - lnoen||ves
31 0E8EHER 2011 0AN 1 JANUAR| 2010
11
- l3AK No. 21 Eva|uas| 3uoslars| 8eoerapa
lrarsa|s| yarg Ve||oal|ar 3ualu
8erlu| Lega| 3eWa
- l$/r ho. 24 Eva|ua||ng |ne $uo|anoe ol
Transao||ons lnvo|v|ng |ne lega|
Form ol a lease
- l3AK No. 25 la| alas Tarar - l$/r ho. 25 lano R|gn|s
- l3AK No. 2 Per||a|ar u|arg 0er|val|ve Ve|e|al - l$/r ho. 26 Remeasuremen| ol Emoeoeo
0er|va||ve
- PP3AK No. 11 Percaoular P3AK No. 39 (A|urlars|
Kerjasara 0peras|)
- PP$/r ho. '' w||noraua| ol P$/r ho. J9
{/oooun||ng lor Jo|n Dpera||onj
3. KE|JAKAN AKUNTAN8| 3. 8JYYARY 0F 8lChlFlCAhT ACC0JhTlhC P0LlClE8
a. Pernyataan Kepatuhan a. 8tatement of Complience
Laporar |euargar |orso||das|ar d|susur sesua| dergar
3lardar A|urlars| Keuargar d| lrdores|a.
Tne oonso||oa|eo l|nano|a| s|a|emen|s nave oeen prepareo |n
aoooroanoe u||n lnoones|an F|nano|a| /oooun||ng $|anoaros.
b. Penyaj|an Laporan Keuangan Konso||das|an b. Consolidated Financial 8tatement Presentation
Laporar |euargar |orso||das|ar d|susur dergar
rerggura|ar 3lardar A|urlars| Keuargar d| lrdores|a.
Tne oonso||oa|eo l|nano|a| s|a|emen|s nave oeen prepareo
us|ng aoooun||ng pr|no|p|es ano repor||ng prao||oes genera||y
aooep|eo |n lnoones|a.
0asar peryusurar |aporar |euargar |orso||das|ar, |ecua||
urlu| |aporar arus |as |orso||das|ar, ada|ar dasar a|rua|.
Vala uarg pe|aporar yarg d|gura|ar urlu| peryusurar
|aporar |euargar |orso||das|ar ada|ar rala uarg Rup|ar.
Laporar |euargar |orso||das|ar lerseoul d|susur oerdasar|ar
r||a| r|slor|s, |ecua|| oeoerapa a|ur lerlerlu yarg d|susur
oerdasar|ar pergu|urar |a|r seoaga|rara d|ura||ar da|ar
|eo|ja|ar a|urlars| ras|rg - ras|rg a|ur lerseoul.
Tne oonso||oa|eo l|nano|a| s|a|emen|s, exoep| lor |ne
oonso||oa|eo ol oasn l|ous, are prepareo unoer |ne aoorua|
oas|s ol aoooun||ng. Tne repor||ng ourrenoy useo |n |ne
prepara||on ol |ne oonso||oa|eo l|nano|a| s|a|emen|s |s |ne
lnoones|an Rup|an. Tne oonso||oa|eo l|nano|a| s|a|emen|s are
measureo oaseo on |ne n|s|or|oa| oos|, exoep| lor oer|a|n
aoooun|s are measureo on |ne oases oesor|oeo |n |ne re|a|eo
aoooun||ng po||o|es.
Laporar arus |as |orso||das|ar d|susur dergar rerggura|ar
relode |argsurg dergar rerge|orpo||ar arus |as da|ar
a|l|v|las operas|, |rveslas| dar perdaraar.
Tne oonso||oa|eo s|a|emen|s ol oasn l|ous are prepareo us|ng
|ne o|reo| me|noo u||n o|ass|l|oa||ons ol oasn l|ous |n|o
opera||ng, |nves||ng ano l|nano|ng ao||v|||es.
c. Pr|ns|p Konso||das|an c. Principles of Consolidation
Laporar |euargar |orso||das|ar rerggaourg|ar |aporar
|euargar Perseroar dar erl|las yarg d||erda||ar o|er
Perseroar (erl|las ara|). Pergerda||ar d|arggap ada apao||a
Perseroar rer||||| ra| urlu| rergalur |eo|ja|ar operas| dar
|euargar sualu erl|las urlu| rerpero|er rarlaal dar|
a|l|v|las usararya.
Tne oonso||oa|eo l|nano|a| s|a|emen|s |noorpora|e |ne l|nano|a|
s|a|emen|s ol |ne 0ompany ano en||||es oon|ro||eo oy |ne
0ompany {||s suos|o|ar|esj. 0on|ro| |s aon|eveo unere |ne
oompany nas |ne pouer |o govern |ne opera||ng ano l|nano|a|
po||o|es ol an en|||y so as |o oo|a|n oenel|| ol ||s ous|ness
ao||v|||es.
las|| dar| erl|las ara| yarg d|a|u|s|s| alau d|jua| se|ara larur
oerja|ar lerrasu| da|ar |aporar |aoa rug| |orprerers|l
|orso||das|ar seja| largga| ele|l|l a|u|s|s| dar sarpa| dergar
largga| ele|l|l perjua|ar.
Tne resu||s ol suos|o|ar|es aoqu|reo or o|sposeo ol our|ng |ne
year are |no|uoeo |n |ne oonso||oa|eo s|a|emen|s ol
oomprenens|ve |noome lrom |ne elleo||ve oa|e aoqu|s|||on ano
up |o |ne elleo||ve oa|e ol o|sposa|, as appropr|a|e.
3e|urur lrarsa|s| arlar Peseroar, sa|do pergras||ar dar
oeoar d|e||r|ras| pada saal |orso||das|ar.
/|| |n|ra-group |ransao||ons, oa|anoes, |noome ano expenses
are e||m|na|eo on oonso||oa||on.
Keperl|rgar ror-pergerda|| pada erl|las ara| d||derl|l||as|
secara lerp|sar dar d|saj||ar da|ar e|u|las. Ele|l|l 1 Jaruar|
2011, |eperl|rgar ror-pergerda|| peregarg sarar pada
aWa|rya oo|er d|u|ur pada r||a| Wajar alau pada propors|
|eper||||ar |eperl|rgar ror-pergerda|| alas asel relo
ler|derl|l||as| dar| p|ra| yarg d|a|u|s|s|. P|||rar pergu|urar
d|oual pada saal a|u|s|s| dergar dasar a|u|s|s|. 3ele|ar
a|u|s|s|, r||a| lercalal |eperl|rgar ror-pergerda|| ada|ar
jur|ar |eperl|rgar ror-pergerda|| pada perga|uar aWa|
d|laroar dergar propors| |eperl|rgar ror-pergerda|| alas
peruoarar se|arjulrya da|ar e|u|las. Jur|ar perdapalar
|orprerers|l d|alr|ous||ar pada |eperl|rgar ror-pergerda||
oar|ar j||a ra| |r| rerga||oal|ar |eperl|rgar ror-pergerda||
rerpurya| sa|do del|s|l.
hon-oon|ro|||ng |n|eres| |n suos|o|ar|es are |oen||l|eo separa|e|y
ano presen|eo u|n|n equ||y. Elleo||ve January ', 20'', |ne
|n|eres| ol non-oon|ro|||ng snareno|oers mayoe |n|||a||y
measureo e||ner a| la|r va|ue or a| |ne non-oon|ro|||ng |n|eres|
propor||ona|e snare ol |ne la|r va|ue ol |ne aoqu|rees
|oen||l|ao|e ne| asse|. Tne ono|oe ol measuremen| |s maoe on
aoqu|s|||on oy aoqu|s|||on oas|s. $uosequen| |o aoqu|s|||on, |ne
oarry|ng amoun| ol non-oon|ro|||ng |n|eres|s |s |ne amoun| ol
|nose |n|eres|s a| |n|||a| reoogn|||on p|us non-oon|ro|||ng
|n|eres|s snare ol suosequen| onanges |n equ||y. To|a|
oomprenens|ve |noome |s a||r|ou|eo |o non-oon|ro|||ng |n|eres|s
even |l |n|s resu||s |n |ne non-oon|ro|||ng |n|eres|s nav|ng a
oel|o|| oa|anoe.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
15
3eoe|urrya, |eperl|rgar ror-pergerda|| d|u|ur pada
perga|uar aWa| pada propors| |eper||||ar |eperl|rgar ror-
pergerda|| da|ar o|aya r|slor|s dar| asel oers|r yarg dapal
d||derl|l||as| dar| p|ra| yarg a|u|s|s| {aoqu|reej. 8||a |erug|ar
dar| |eperl|rgar ror-pergerda|| re|eo|r| |eperl|rgarrya
da|ar e|u|las erl|las ara|, |e|eo|rar dar sel|ap |erug|ar |eo|r
|arjul yarg d|alr|ous||ar |epada |eperl|rgar ror-pergerda||
d|oeoar|ar |epada peregarg sarar rayor|las |ecua||
|eperl|rgar ror-pergerda|| lerseoul rerpurya| ||ao|||las
rerg||al dar dapal rerarggurg rug| lerseoul.
Prev|ous|y, |ne non-oon|ro|||ng |n|eres| |s measureo on |n|||a|
reoogn|||on a| |ne non-oon|ro|||ng |n|eres|s propor||ona|e snare
|n |ne n|s|or|oa| oos| ol |ne |oen||ao|e ne| asse|s ol |ne
aoqu|ree. wnere |ne |osses ap||oao|e |o |ne non-oon|ro|||ng
|n|eres|s exoeeo |ne|r |n|eres| |n |ne equ||y ol |ne suos|o|ary,
|ne exoess ano any lur|ner |osses a|r|ou|ao|e |o |ne non-
oon|ro|||ng |n|eres| are onargeo aga|n|s |ne maor||y |n|eres|
exoep| |o |ne ex|en| |na| |ne non-oon|ro|||ng |n|eres| nas a
o|no|ng oo||ga||on |o, ano |s ao|e |o, make gooo |ne |osses..
Peruoarar da|ar oag|ar |eper||||ar Perseroar dar erl|las
ara| pada erl|las ara| yarg l|da| rerga||oal|ar r||argrya
pergerda||ar d|calal seoaga| lrarsa|s| e|u|las. N||a| lercalal
|eperl|rgar erl|las ara| dar |eperl|rgar ror-pergerda||
d|sesua||ar urlu| rercerr|r|ar peruoarar oag|ar
|eper||||arrya alas erl|las ara|. 3el|ap peroedaar arlara
jur|ar |eperl|rgar ror-pergerda|| d|sesua||ar dar r||a| Wajar
|roa|ar yarg d|oer||ar alau d|ler|ra d|a|u| secara |argsurg
da|ar e|u|las dar d|alr|ous||ar pada per|||| erl|las |rdu|.
0nanges |n |ne 0ompany ano ||s suoo|ar|es |n|eres|s |n
suos|o|ar|es |na| oo no| resu|| |n a |oss ol oon|ro| are
aoooun|eo lor as equ||y |ransao||ons. Tne oarry|ng amoun|s ol
|ne 0ompany ano ||s suos|o|ar|es |n|eres|s ano |ne non-
oon|ro|||ng |n|eres|s are aous|eo |o rel|eo| |ne onanges |n |ne|r
re|a||ve |n|eres|s |n |e suos|o|ar|es. /ny o|llerenoe oe|ueen |ne
amoun| oy un|on |ne non-oon|ro|||ng |n|eres|s are aous|eo ano
|ne la|r va|ue ol |ne oons|oera||on pa|o or reoe|veo |s
reoogn|seo o|reo||y |n equ||y ano a||r|ou|eo |o ouners ol |ne
0ompany.
Perseroar le|ar rer|||r urlu| reryaj||ar seoaga| oag|ar
yarg lerp|sar da|ar e|u|las, s|sa sa|do yarg oer|a|lar dergar
pergarur lrarsa|s| roda| larur seoe|urrya dar| erl|las ara|
dergar p|ra| |el|ga.
Tne 0ompany nas oarr|eo loruaro ano op|eo |o presen| as a
spara|e ||em un|||n equ||y, |ne rema|n|ng oa|anoe re|a|eo |o |ne
elleo| ol pr|or years oap||a| |ransao||on ol |ne suos|o|ar|es u||n
|n|ro par||es.
d. Komb|nas| |s|n|s d. 8usiness Combinations
A|u|s|s| erl|las ara| dar o|sr|s d|calal dergar rerggura|ar
relode a|u|s|s|. 8|aya a|u|s|s| ada|ar r||a| agregal (pada
largga| perlu|arar) dar| asel yarg d|pero|er, ||ao|||las yarg
lerjad| alau d|larggurg dar |rslrurer e|u|las yarg d|lero|l|ar
seoaga| perlu|arar alas pergerda||ar dar| p|ra| yarg d|a|u|s|s|.
8|aya-o|aya ler|a|l a|u|s|s| d|a|u| d|da|ar |aporar |aoa rug|.
urlu| |oro|ras| o|sr|s larur seoe|urrya, sel|ap o|aya yarg
dapal d|alr|ous||ar |argsurg pada |oro|ras| o|sr|s d|arggap
seoaga| oag|ar dar| o|aya |oro|ras| o|sr|s.
/oqu|s|||on ol suos|o|ar|es ano ous|nesses are aoooun|eo lor
us|ng |ne aoqu|s|||on me|noo. Tne oos| ol ous|ness
oomo|na||on |s |ne aggrega|e ol |ne la|r va|ues {a| |ne oa|e ol
exonangej ol asse|s g|ven, ||ao|||||es |nourreo or assumeo, ano
equ||y |ns|rumen|s |ssueo |n exonange lor oon|ro| ol |ne
aoqu|ree. /oqu|s|||on-re|a|eo oos|s are reoogn|zeo |n prol|| or
|oss. For pr|or year ous|ness oomo|na||on any oos| o|reo||y
a||r|ou|ao|e |o |ne ous|ness oomo|na||on |s oons|oereo as par|
ol |ne oos| ol ous|ness oomo|na||on.
0a|ar pereraparrya, |roa|ar urlu| a|u|s|s| lerrasu| sel|ap
asel alau ||ao|||las yarg d|ras|||ar dar| sualu |esepa|alar
|roa|ar |orl|rjer d|u|ur lerradap r||a| Wajar pada largga|
a|u|s|s|. Peruoarar se|arjulrya pada r||a| Wajar d|sesua||ar
dergar o|aya a|u|s|s| |el||a rererur| syaral seoaga|
peryesua|ar pergu|urar per|ode. 3erua peruoarar
se|arjulrya da|ar r||a| Wajar dar| |roa|ar |orl|rjers|
d|||as|l||as||ar seoaga| asel alau ||ao|||las yarg d|r|lurg sesua|
dergar slardar a|urlars|. Peruoarar da|ar r||a| Wajar dar|
|roa|ar |orl|rjers| yarg d|||as|l||as||ar seoaga| e|u|las l|da|
d|calal.
wnere ap||oao|e, |ne oons|oera||on lor |ne aoqu|s|||on |no|uoe
any asse|s or ||ao|||||es resu|||ng lrom a oon||ngen|
oons|oera||on arrangemen|, measureo a| ||s aoqu|s|||on-oa|e
la|r va|ue. $uosequen| onanges |n suon la|r va|ues are
aous|eo aga|n|s |ne oos| ol aoqu|s|||on unere |ney qua||ly as
measuremen| per|oo aous|men|s. /|| o|ner suosequen|
onanges |n |ne la|r va|ue ol oon||ngen| oons|oera||on o|ass|l|eo
as an asse| or ||ao||||y are aoooun|eo lor |n aoooroaoe u||n
re|evan| aoooun||ng s|anoaros. 0nanges |n |ne la|r va|ue ol
oon||ngen| oons|oera||on o|ass|l|eo as equ||y are no|
reoogn|zeo.
Asel ler|derl|l||as|, ||ao|||las dar ||ao|||las |orl|rjers| p|ra| yarg
d|a|u|s|s| yarg rererur| |ord|s|-|ord|s| perga|uar
oerdasar|ar P3AK 22 (rev|s| 2010), |oro|ras| o|sr|s d|a|u|
pada r||a| Wajar, |ecua|| ulu| asel dar ||ao|||las lerlerlu d|u|ur
dergar rerggura|ar slardar yarg re|evar. urlu| |oro|ras|
o|sr|s larur seoe|urrya d|rara Perseroar rerga|u|s|s|
|urarg dar| se|urur sarar erl|las ara|, propors| r|ror|las alas
asel dar ||ao|||las d|ryala|ar seoesar jur|ar lercalal seoe|ur
a|u|s|s|rya.
Tne aoqu|rees |oen||l|ao|e asse|s, ||ao|||||es ano oon||ngen|
||ao|||||es |na| mee| |ne oono|||ons lor reoogn|||on unoer P$/r
22 {rev|seo 20'0j, ous|ness oomo|na||on, are reoogn|zeo a|
la|r va|ue, exoep| lor oer|a|n asse|s ano ||ao|||||es |na| are
measureo us|ng |ne re|evan| s|anoaros. For pr|or year
ous|ness oomo|na||on unere |ne 0ompany aoqu|reo |ess |nan
a|| |ne snares ol |ne suos|o|ary, |ne m|nor|||es propor||on ol
|nose asse|s ano ||ao|||||es |s s|a|eo a| |ne|r pre-aoqu|s|||on
oarry|ng amoun|s.
J||a a|urlars| aWa| urlu| |oro|ras| o|sr|s oe|ur se|esa| pada
a|r|r per|ode pe|aporar saal |oro|ras| lerjad|, Perseroar dar
erl|las ara| re|apor|ar jur|ar sererlara urlu| pos-pos yarg
proses a|urlars|rya oe|ur se|esa| da|ar |aporar |euargarrya.
ll |ne |n|||a| aoooun||ng lor |ne ous|ness oomo|na||on |s
oomp|e|e oy |ne eno ol |ne repor||ng per|oo |n un|on |ne
oomo|na||on ooours, |ne 0ompany ano ||s suos|o|ar|es repor|
prov|s|ona| amoun|s lor |ne ||ems lor un|on |ne aoooun||ng |s
31 0E8EHER 2011 0AN 1 JANUAR| 2010
1
3e|ara per|ode pergu|urar, p|ra| perga|u|s|s|ar
reryesua||ar, asel alau ||ao|||las laroarar yarg d|a|u|, urlu|
rercerr|r|ar |rlorras| oaru yarg d|pero|er lerlarg la|la dar
|eadaar yarg ada pada largga| a|u|s|s dar, j||a d||elaru|, a|ar
oerdarpa| pada jur|ar yarg d|a|u| pada largga| lerseoul.
oomp|e|e. Tnose prov|sona| amoun|s are aous|eo our|ng |ne
measuremen| per|oo, or aoo|||ona| asse|s or ||ao|||||es are
reoogn|zeo, |o rel|eo| neu |nlorma||on oo|a|neo aoou| lao|s
ano o|roums|anoes |na| ex|s|eo as ol |ne aoqu|s|||on oa|e |na|,
|l knoun, uou|o nave alleo|eo |ne amoun| reoogn|zeo as ol
|na| oa|e.
Per|ode pergu|urar ada|ar per|ode dar| largga| a|u|s|s| r|rgga
largga| Perseroar rerpero|er |rlorras| |erg|ap lerlarg la|la
dar |eadaar yarg ada pada largga| a|u|s|s| dar per|ode
pergu|urar ra|s|rur salu larur dar| largga| a|u|s|s|.
Tne measuremen| per|oo |s |ne per|oo lrom oa|e ol aoqu|s|||on
|o |ne oa|e |ne 0ompany oo|a|ns oomp|e|e |nlorma||ons aoou|
lao|s ano o|roums|anoes |na| ex|s|eo as ol |ne aoqu|s|||on oa|e
- ano |s suoeo| |o a max|mum ol one year.
e. Transaks| dan 8a|do 0a|am Hata Uang As|ng e. Foreign Currency Transactions and 8alances
Trarsa|s| da|ar rala uarg as|rg d|jaoar|ar |e da|ar rala
uarg Rup|ar dergar rerggura|ar |urs yarg oer|a|u pada
largga| lrarsa|s|.
Fore|gn ourrenoy |ransao||ons are |rans|a|eo |n|o Rup|an us|ng
|ne exonange ra|es preva|||ng a| |ne oa|es ol |ne |ransao||ons.
Perou|uar Perseroar d|se|erggara|ar da|ar rala uarg
Rup|ar. Trarsa|s| - lrarsa|s| se|ara larur oerja|ar da|ar
rala uarg as|rg d|calal dergar |urs yarg oer|a|u pada saal
lerjad|rya lrarsa|s|. Pada largga| reraca, asel dar ||ao|||las
roreler da|ar rala uarg as|rg d|sesua||ar urlu|
rercerr|r|ar |urs yarg oer|a|u pada largga| lerseoul.
Keurlurgar alau |erug|ar |urs yarg l|rou| d||red|l|ar alau
d|oeoar|ar pada |aporar |aoa rug| larur yarg oersarg|ular.
Tne oooks ol aoooun|s ol |ne 0ompany ano ||s suos|o|ary are
ma|n|a|neo |n lnoones|an Rup|an. Transao||ons our|ng |ne year
|nvo|v|ng lore|gn ourreno|es are reooroeo a| |ne ra|es ol
exonange preva|||ng a| |ne ||me |ne |ransao||on are maoe. /|
oa|anoe snee| oa|e, mone|ary asse|s ano ||ao|||||es
oenom|na|eo |n lore|gn ourreno|es are aous|eo |o rel|eo| |ne
ra|es ol exonange preva|||ng a| |na| oa|e. Tne resu|||ng ga|ns
or |osses are oreo||eo or onargeo |o ourren| opera||ons.
Kurs ulara yarg d|gura|ar, oerdasar|ar |urs lergar yarg
d|lero|l|ar 8ar| lrdores|a, ada|ar seoaga| oer||ul (da|ar
saluar Rup|ar) :
Tne ma|n exonange ra|es useo, oaseo on |ne m|oo|e ra|es
puo||sneo oy 3ank lnoones|a, are as lo||ou {lu|| Rup|anj .
2011 2010
0o||ar Arer||a 3er||al ('u30) 9.08 8.991 un||eo $|a|es 0o||ars {"u$0j
f. Penggunaan Est|mas| f. Jse of Estimates
Peryusurar |aporar |euargar sesua| dergar pr|rs|p
a|urlars| yarg oer|a|u urur rergrarus|ar rarajerer
reroual esl|ras| dar asurs| yarg rerpergarur| jur|ar asel
dar ||ao|||las yarg d||apor|ar dar pergurg|apar asel dar
||ao|||las |orl|jers| pada largga| |aporar |euargar serla jur|ar
perdapalar dar oeoar se|ara per|ode pe|aporar. Rea||sas|
dapal oeroeda dergar jur|ar yarg d|esl|ras|.
Tne prepara||on ol oonso||oa|eo ol l|nano|a| s|a|emen|s |n
oonlorm||y u||n genera||y aooep|eo aoooun||ng pr|no|p|es
requ|res managemen| |o make es||ma|es ano assump||on |na|
alleo| |ne repor|eo amoun|s ol asse|s ano ||ao|||||es ano
o|so|osures ol oon||ngen| asse|s ano ||ao|||||es a| |ne oa|es ol
|ne oonso||oa|eo l|nano|a| s|a|emen|s ano repor|eo amoun|s ol
revenues ano expenses our|ng |ne repor||ng per|oo. /o|ua|
resu|| oou|o oe o|lleren| lrom |nese es||ma|es.
g. Kas dan 8etara Kas g. Cash and Cash Equivalents
Kas dar selara lerd|r| dar| |as, oar| dar serua |rveslas| yarg
jalur lerpo da|ar Wa|lu l|ga ou|ar alau |urarg dar| largga|
pero|erarrya dar yarg l|da| d|jar|r|ar serla l|da| d|oalas|
pergguraarrya.
0asn ano oasn equ|va|en|s oons|s|s ol oasn on nano ano |n
oanks ano a|| unres|r|o|eo |nves|men|s u||n ma|ur|||es ol |nree
mon|ns or |ess lrom |ne oa|e ol p|aoemen|.
h. P|utang Usaha dan P|utang La|n-|a|n h. Trade and 0ther Receivables
Pery|s|rar p|ularg ragu-ragu, d|r|lurg oerdasar|ar
pere|aarar |o|e|l|o|||las sa|do p|ularg. P|ularg d|rapus|ar
pada saal p|ularg lerseoul d|pasl||ar l|da| lerlag|r.
Prov|s|on lor oouo|lu| aoooun|s, oaseo on a rev|eu ol |ne
oo||eo||o||||y ol ou|s|ano|ng amoun|s. /oooun|s are ur|||en-oll
as oao oeo|s our|ng |ne per|oo |n un|on |ney are oe|erm|neo |o
oe no| oo||eo||o|e
|. Persed|aan i. lnventories
Persed|aar d|ryala|ar oerdasar|ar o|aya pero|erar alau r||a|
rea||sas| oers|r, rara yarg |eo|r rerdar. 8|aya pero|erar
d|lerlu|ar dergar relode rala - rala lerl|roarg.
lnven|or|es are s|a|eo a| oos| or ne| rea||zao|e va|ue,
un|onever |s |ouer. 0os| |s oe|erm|neo us|ng |ne ue|gn|eo
average me|noo.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
1Z
j. |aya 0|bayar 0|muka j. Prepaid Expenses
8|aya d|oayar d|ru|a d|arorl|sas| se|ara rasa rarlaal
ras|rg-ras|rg o|aya dergar rerggura|ar relode gar|s
|urus.
Prepa|o expenses are amor||zeo over |ne|r oenel|o|a| per|oo
us|ng |ne s|ra|gn|-||ne me|noo.
k. Aset Tetap - Pem|||kan Langsung k. Property, Plant and Equipment - 0irect Acquisitions
Asel lelap, |ecua|| larar, d|ryala|ar oerdasar|ar o|aya
pero|erar sele|ar d||urarg| a|uru|as| peryusular.
0|reo| aoqu|s|||ons ol l|xeo asse|s exoep| |ano, are s|a|eo a|
oos| |ess aooumu|a|eo oepreo|a||on.
Asel lelap, |ecua|| larar, d|susul|ar dergar rerggura|ar
relode gar|s |urus (s|ra|gn| ||ne me|noo) oerdasar|ar la|s|rar
rasa rarlaal e|oror|s asel lelap seoaga| oer||ul :
0epreo|a||on |s oompu|eo us|ng |ne s|ra|gn|-||ne me|noo oaseo
on |ne es||ma|eo uselu| ||ves ol |ne asse|s as lo||ous .
Tarur /
Years
8argurar 20 3u||o|ngs
3las|ur Perg|s|ar 8arar 8a|ar 0as 10 0ompresseo na|ura| gas {0hSj relue||ng s|a||ons
Kerdaraar usara 0ar Karlor 5 Dpera||ng ano oll|oe ven|o|es
Pera|alar 8erg|e| dar Korur||as| 3 Too|s ano oommun|oa||on equ|pmen|
Peraoolar dar Pera|alar Karlor 3 Dll|oe lurn||ure, l|x|ures ano equ|pmen|
Tarar d|ryala|ar oerdasar|ar o|aya pero|erar dar l|da|
d|susul|ar. Asel lelap yarg l|da| d|gura|ar d|ryala|ar
seoesar jur|ar lererdar urlu| jur|ar lercalal alau r||a|
rea||sas| oers|r.
lano |s s|a|eo a| oos| ano |s no| oepreo|a|eo. unuseo proper|y,
p|an| ano equ|pmen| are s|a|eo a| |ne |ouer oarry|ng va|ue or
ne| rea||zao|e va|ue.
8||a r||a| lercalal sualu asel re|eo|r| la|s|rar jur|ar yarg
dapal d|pero|er |eroa|| (es||ma|eo reooverao|e amoun|) ra|a
r||a| lerseoul d|lurur|ar |e jur|ar yarg dapal d|pero|er
|eroa|| lerseoul, yarg d|lerlu|ar seoaga| r||a| lerl|rgg| arlara
rarga jua| rello dar r||a| pa|a|.
wnen |ne oarry|ng amoun| ol an asse| exoeeos ||s es||ma|eo
reooverao|e amoun|, |ne asse| |s ur|||en ooun |o ||s es||ma|eo
reooverao|e amoun|, un|on |s oe|erm|neo as |ne n|gner ol ne|
se|||ng pr|oe or va|ue |n use.
8eoar pere||raraar dar peroa||ar d|oeoar|ar pada |aporar
|aoa rug| pada saal lerjad|rya, perge|uarar yarg
rerperparjarg rasa rarlaal alau reroer| rarlaal
e|oror|s d| rasa yarg a|ar dalarg da|ar oerlu| per|rg|alar
|apas|las, rulu produ|s| alau per|rg|alar slardar ||rerja
d||ap|la||sas|. Asel lelap yarg sudar l|da| d|gura|ar |ag| alau
yarg d|jua| d||e|uar|ar dar| |e|orpo| asel lelap oer||ul
a|uru|as| peryusularrya. Keurlurgar alau |erug|ar dar|
perjua|ar asel lelap lerseoul d|ou|u|ar da|ar |aporar |aoa
rug| pada larur yarg oersarg|ular.
Tne oos| ol ma|n|enanoe ano repa|rs |s onargeo |o opera||ons
as |nourreo, expeno||ure un|on ex|eno |ne uselu| ||le ol |ne
asse|s or resu|| |n |noreaseo lu|ure eoonom|o oenel||s suon as
|norease |n oapao||y ano |mprovemen| |n |ne qua|||y ol ou|pu|
or s|anoaro ol perlormanoe are oap||a||zeo. wnen asse|s are
re||reo or o|neru|se o|sposeo ol, |ne|r oarry|ng va|ues ano |ne
re|a|eo aooumu|a|eo oepreo|a||on are removeo lrom |ne
aoooun|s ano any resu|||ng ga|n or |oss |s rel|eo|eo |n |ne
ourren| opera||ons.
Penerapan Pernyataan 8tandar Akuntans| Keuangan
(P8AK} 1 (Rev|s| 2007}
Adoption of 8tatement of Financial Accounting 8tandard
["8FA8"} 16 [Revised 2007}
Pada larur 200Z, l|alar A|urlar Puo||| lrdores|a rerero|l|ar
rev|s| alas P3AK 1 (Rev|s| 200Z), 'Asel Telap dar P3AK 30
(Rev|s| 200Z), '3eWa yarg rerga||oal|ar peruoarar
|eo|ja|ar a|urlars|. P3AK |r| oer|a|u el|e|l|l urlu|
peryusurar |aporar |euargar yarg d|ru|a| pada alau sele|ar
largga| 1 Jaruar| 2008. 3esua| dergar P3AK 1 (Rev|s| 200Z),
Perseroar d|rarus|ar rer|||r arlara relode o|aya alau
relode reva|uas| seoaga| |eo|ja|ar a|urlars| urlu| rergu|ur
o|aya pero|erar. Perseroar rer|||r urlu| rerggura|ar
relode o|aya, ser|rgga sa|do se||s|r per||a|ar |eroa|| asel
lelap d| oag|ar e|u|las d|re||as|l||as| |e sa|do |aoa yarg oe|ur
d|lerlu|ar pergguraarrya.
ln 2007, |ne lnoones|an lns|||u|e ol 0er||l|eo Puo||o
/oooun|an|s |ssueo $F/$ '6 {Rev|seo 2007j, "F|xeo /sse|s
ano $F/$ J0 {Rev|seo 2007j, "leases, un|on oons|||u|eo
onanges |n aoooun||ng po||oy. Tnese $F/$ are elleo||ve lor
|ne prepara||on ol |ne l|nano|a| s|a|emen|s s|ar||ng on or al|er
January ', 2008. unoer |ne rev|seo $F/$ '6 {Rev|seo 2007j,
|ne 0ompany nas |o onoose |ne oos| mooe| or reva|ua||on
mooe| as ||s aoooun||ng po||oy |n measur|ng oos|s ol
aoqu|s|||on. Tne 0ompany nas onosen |ne oos| mooe|, ano
aoooro|ng|y |ne l|xeo asse|s reva|ua||on reserve oa|anoe |n |ne
equ||y seo||on nas oeen reo|ass|l|eo |o unappropr|a|eo re|a|neo
earn|ngs.
Penurunan N||a| Aset lmpairment of Assets
3el|ap largga| reraca, Perseroar dar Erl|las Ara| rere|aar
ada alau l|da|rya |rd||as| perururar r||a| asel.
/| eaon oa|anoe snee| oa|e, |ne 0ompany ano suos|o|ar|es
rev|eu une|ner |nere |s any |no|oa||on ol asse| |mpa|rmen| or
no|.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
18
Asel lelap dar asel l|da| |arcar |a|rrya, lerrasu| asel la|
oerWujud d|le|aar urlu| rergelaru| apa|ar le|ar lerjad|
|erug|ar a||oal perururar r||a| o||arara lerdapal |ejad|ar
alau peruoarar |eadaar yarg rerg|rd||as||ar oarWa r||a|
lercalal asel lerseoul l|da| dapal d|pero|er |eroa||. Kerug|ar
a||oal perururar r||a| d|a|u| seoesar se||s|r arlara r||a|
lercalal asel dergar r||a| yarg dapal d|pero|er |eroa|| dar|
asel lerseoul. N||a| yarg dapal d|pero|er |eroa|| ada|ar r||a|
yarg |eo|r l|rgg| d|arlara rarga jua| oers|r dar r||a| pa|a| asel.
0a|ar rarg|a rerguj| perururar r||a|, asel d||e|orpo||ar
r|rgga ur|l ler|ec|| yarg rergras|||ar arus |as lerp|sar.
F|xeo asse|s ano o|ner non-ourren| asse|s, |no|uo|ng |n|ang|o|e
asse|s are rev|eueo lor |mpa|rmen| unenever even|s or
onanges |n o|roums|anoes |no|oa|e |na| |ne oarry|ng amoun|
may no| oe reooverao|e. /n |mpa|rmen| |oss |s reoogn|seo lor
|ne amoun| oy un|on |ne oarry|ng amoun| ol |ne asse| exoeeos
||s reooverao|e amoun|, un|on |s |ne n|gner ol an asse|s ne|
se|||ng pr|oe ano va|ue |n use. For |ne purpose ol assess|ng
|mpa|rmen|, asse|s are groupeo a| |ne |oues| |eve|s lor un|on
|nere are separa|e|y |oen||l|ao|e oasn l|ous.
|. Coodw||| l. Coodwill
0oodW||| yarg l|rou| dar| |oro|ras| o|sr|s d|a|u| seoaga| asel
pada largga| d|pero|errya pergerda||ar (largga| a|u|s|s|).
0oodW||| d|u|ur seoaga| se||s|r dar| |roa|ar yarg d|a||r|ar,
jur|ar sel|ap |eperl|rgar ror-pergerda|| p|ra| yarg
d|a|u|s|s| dar r||a| Wajar dar| |eperl|rgar e|u|las yarg
seoe|urrya d|r||||| p|ra| perga|u|s|s| pada p|ra| yarg
d|a|u|s|s| (j||a ada) alas jur|ar se||s|r oers|r dar| asel
ler|derl|l||as| yarg d|pero|er dar ||ao|||las yarg d|aro|| a||r
pada largga| a|u|s|s|
J||a sele|ar per||a|ar |eroa||, |eper||||ar Perseroar dar
erl|las ara| pada r||a| Wajar asel oers|r yarg ler|derl|l||as|
dar| p|ra| yarg d|a|u|s|s| re|eo|r| dar| |roa|ar yarg d|a||r|ar,
jur|ar sel|ap |eperl|rgar ror-pergerda|| p|ra| yarg
d|a|u|s|s| dar r||a| Wajar dar| |eperl|rgar e|u|las yarg
seoe|urrya d|r||||| p|ra| perga|u|s|s| pada p|ra| yarg
d|a|u|s|s| (j||a ada), se||s|rrya d|a|u| segera da|ar |aoa alau
rug| seoaga| peroe||ar dergar d|s|or.
Sooou||| ar|s|ng |n a ous|ness oomo|na||on |s reoogn|seo as an
asse| a| |ne oa|e |na| oon|ro| |s aoqu|reo {|ne aoqu|s|||on oa|ej.
Sooou||| |s measureo as |ne exoess ol |ne sum ol |ne
oons|oera||on |ranslerreo, |ne amoun| ol any non-oon|ro|||ng
|n|eres| |n |ne aoqu|ree ano |ne la|r va|ue ol |ne aoqu|rers
prev|ous|y ne|o equ||y |n|eres| {|l anyj |n |ne en|||y over ne| ol
|ne aoqu|s|||on-oa|e amoun|s ol |ne |oen||l|ao|e asse|s aoqu|reo
ano |ne ||ao|||||es assumeo.
ll, al|er reassessmen|, |ne 0ompany ano suos|o|ar|es |n|eres|
|n |ne la|r va|ue ol |ne aoqu|rees |oen||l|ao|e ne| asse|s
exoeeos |ne sum ol |ne oons|oera||on |ranslerreo, |ne amoun|
ol any non-oon|ro|||ng |n|eres| |n |ne aoqu|ree ano |ne la|r va|ue
ol |ne aoqu|rers prev|ous|y ne|o equ||y |n|eres| |n |ne aoqu|ree
{|l anyj, |ne exoess |s reoogn|seo |mmeo|a|e|y |n prol|| or |oss
as a oarga|n puronase ga|n.
Ele|l|l 1 Jaruary 2011, goodW|||| l|da| d|arorl|sas| re|a|r|ar
d|rev|eW urlu| perururarrya se|urarg-|urargrya se|a||
selarur (Calalar 2a).
Elleo||ve January ', 20'', gooou||| |s no| amor||seo ou| |s
rev|eueo lor |mpa|rmen| a| |eas| annua||y {ho|e 2aj.
Keurlurgar urlu| lujuar uj| perururar r||a|, goodW|||
d|a|o|as||ar pada sel|ap ur|l pergras|| |as dar| Perseroar
dar erl|las ara| yarg d|rarap|ar reroer||ar rarlaal dar|
s|rerg| |oro|ras| o|sr|s lerseoul. ur|l pergras|| |as yarg
le|ar rerpero|er a|o|as| goodW||| d|uj| perururar r||a|rya
secara larurar, dar |el||a lerdapal |rd||as| oarWa ur|l
lerseoul rerga|ar| perururar r||a|. J||a jur|ar lerpu||r|ar
dar| ur|l pergras|| |as |urarg dar| jur|ar lercalalrya, rug|
perururar r||a d|a|o|as||ar perlarar urlu| rergurarg|
jur|ar lercalal asel alas sel|ap goodW||| yarg d|a|o|as||ar
pada ur|l dar se|arjulrya |e asel |a|rrya dar| ur|l d|oag|
prorala alas dasar jur|ar lercalal sel|ap asel da|ar ur|l
lerseoul. Rug| perururar r||a| yarg d|a|u| alas goodW||| l|da|
dapal d|oa||| pada per|ode oer||ulrya.
Pada pe|epasar erl|las ara|,jur|ar yarg dapal d|alr|ous||ar
dar| goodW||| lerrasu| da|ar pererluar |aoa alau rug| alas
pe|epasar.
Tne For |ne purpose ol |mpa|rmen| |es||ng, gooou||| |s a||ooa|eo
|o eaon ol |ne 0ompany ano |ne suos|o|ar|es oasn-genera||ng
un||s expeo|eo |o oenel|| lrom |ne synerg|es ol |ne oomo|na||on.
0asn-genera||ng un||s |o un|on gooou||| nas oeen a||ooa|eo are
|es|eo lor |mpa|rmen| annua||y, or more lrequen||y unen |nere
|s an |no|oa||on |na| |ne un|| may oe |mpa|reo. ll |ne reooverao|e
amoun| ol |ne oasn-genera||ng un|| |s |ess |nan ||s oarry|ng
amoun|, |ne |mpa|rmen| |oss |s a||ooa|eo l|rs| |o reouoe |ne
oarry|ng amoun| ol any gooou||| a||ooa|eo |o |ne un|| ano |nen
|o |ne o|ner asse|s ol |ne un|| pro-ra|a on |ne oas|s ol |ne
oarry|ng amoun| ol eaon asse| |n |ne un||. /n |mpa|rmen| |oss
reoogn|zeo lor gooou||| |s no| reverseo |n a suosequen| per|oo.
Dn o|sposa| ol |ne suos|o|ary, |ne a||r|ou|ao|e amoun| ol
gooou||| |s |no|uoeo |n |ne oe|erm|na||on ol |ne prol|| or |oss
on o|sposa|.
m. eban Tangguhan - hak Atas Tanah m. 0eferred Charges for Land rights
8|aya yarg lerjad| seruourgar dergar pergurusar |ega| ra|
alas larar d|larggur|ar dar d|arorl|sas| dergar relode gar|s
|urus separjarg urur ru|ur ra| alas larar |arera urur
ru|ur ra| alas larar |eo|r perde| dar| urur e|oror|srya.
Expenses re|a|eo |o |ne |ega| prooess|ng ol |ano r|gn|s are
oelerreo ano amor||zeo us|ng |ne s|ra|gn|-||ne me|noo over |ne
|ega| |erm ol |ne r|gn|s |s snor|er |nan ||s eoonom|o ||le.
n. Utang Usaha n. Trade Payables
ularg usara pada aWa|rya d|a|u| seoesar r||a| Wajar dar
se|arjulrya d|u|ur pada o|aya pero|erar d|arorl|sas|.
Traoe payao|es are |n|||a||y measureo a| la|r va|ue ano
suosequen||y measureo a| amor||seo oos|.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
19
o. P|njaman o. 8orrowings
Pada saal perga|uar aWa|, p|rjarar d|a|u| seoesar r||a|
Wajar, d||urarg| dergar o|aya-o|aya lrarsa|s| yarg lerjad|.
3e|arjulrya, p|rjarar d|u|ur pada o|aya pero|erar
d|arorl|sas| dergar rerggura|ar relode su|u ourga ele|l|l.
3orrou|ngs are |n|||a||y reoogn|seo a| la|r va|ue, ne| ol
|ransao||on oos|s |nourreo. $uosequen||y, oorrou|ngs are
s|a|eo a| amor||seo oos| us|ng |ne elleo||ve |n|eres| me|noo.
8|aya p|rjarar yarg dapal d|alr|ous||ar secara |argsurg
dergar a|u|s|s| alau |orslru|s| asel |ua||l||as|ar {"qua||ly|ng
asse|j, d||ap|la||sas| r|rgga asel lerseoul se|esa| secara
suoslars|a|.
3orrou|ng oos|s, un|on are o|reo||y a||r|ou|ao|e |o |ne
aoqu|s|||on or oons|ruo||on ol a qua||ly|ng asse|, are oap||a||seo
un||| |ne asse| |s suos|an||a||y oomp|e|eo.
P|rjarar d|||as|l||as||ar seoaga| ||ao|||las jarg|a parjarg
|ecua|| yarg a|ar jalur lerpo da|ar Wa|lu 12 ou|ar sele|ar
per|ode pe|aporar.
3orrou|ng are o|ss|l|eo unoer non-ourren| ||ao|||||es un|ess |ne|r
ma|ur|||es are u||n|n '2 mon|ns al|er |ne repor||ng per|oo.
p. 8ewa p. Leases
3eWa d|||as|l||as||ar seoaga| seWa pero|ayaar j||a seWa
lerseoul rerga||r|ar secara suoslars|a| se|urur r|s||o dar
rarlaal yarg ler|a|l dergar |eper||||ar asel. 3eWa |a|rrya,
yarg l|da| rererur| |r|ler|a lerseoul, d|||as|l||as||ar seoaga|
seWa operas|.
leases are o|ass|l|eo as l|nanoe |eases unenever |ne |erms ol
|ne |ease |ransler suos|an||a||y a|| |ne r|sks ano reuaros ol
ounersn|p |o |ne |essee. /|| o|ner |eases are o|ass|l|eo as
opera||ng |eases.
3eoaga| Lessor /s lessor
0a|ar seWa pero|ayaar, |essor rerga|u| asel oerupa
p|ularg seWa pero|ayaar seoesar jur|ar |rveslas| seWa relo
Perseroar dar erl|las ara|. Perga|uar pergras||ar seWa
pero|ayaar d|a|o|as||ar pada per|ode a|urlars| yarg
rercerr|r|ar sualu l|rg|al pergeroa||ar per|od|| yarg
|orslar alas |rveslas| oers|r |essor.
/moun|s oue lrom |eases unoer l|nanoe |eases are reooroeo
as reoe|vao|es a| |ne amoun| ol |ne 0ompany ano suos|o|ar|es
ne| |nves|men| |n |ne |eases. F|nanoe |ease |noome |s a||ooa|e
o |o aoooun||ng per|oos so as |o rel|eo| a oons|an| per|oo|o ra|e
ol re|urn on |ne ne| |nves|men| ou|s|ano|ng |n respeo| ol |ne
re|eases.
Perdapalar seWa dar| seWa operas| d|a|u| seoaga|
perdapalar dergar dasar gar|s |urus rasa seWa. 8|aya
|argsurg aWa| yarg lerjad| da|ar proses regos|as| dar
pergalurar seWa operas| d|laroar|ar |e jur|ar lercalal dar|
asel seWaar dar d|a|u| dergar dasar gar|s |urus se|ara
rasa seWa.
Ren|a| |noome lrom opera||ng |eases |s reoogn|zeo on a
s|ra|gn|-||ne oas|s over |ne |erms ol |ne re|evan| |ease. ln|||a|
o|reo| oos|s |nourreo |n nego||a||ng ano arrang|ng an opera||ng
|ease are aooeo |o |ne oarry|ng amoun| ol |ne |easeo asse|
ano reoogn|zeo on a s|ra|gn|-||ne oas|s over |ne |ease |nerm.
3eoaga| Lessee /s lessee
Asel pada seWa pero|ayaar d|calal pada aWa| rasa seWa
seoesar r||a| Wajar asel seWaar Perseroar dar erl|las ara|
yarg d|lerlu|ar pada aWa| |orlra| alau, j||a |eo|r rerdar,
seoesar r||a| ||r| dar| peroayarar seWa r|r|rur. L|ao|||las
|epada |essor d|saj||ar d|da|ar reraca seoaga| ||ao|||las seWa
pero|ayaar.
/sse|s ne|o unoer l|nanoe |eases are |n|||a||y reoogn|zeo as
asse|s ol |ne 0ompany ano ||s suos|o|ar|es a| |ne|r la|r va|ue a|
|ne |noep||on ol |ne |esa or, |l |ouer, a| |ne presen| va|ue ol |ne
m|n|mum |ease paymen|s. Tne oorrespono|ng ||ao||||y |o |ne
|essor |s |no|uoeo |n |ne oonso||oa|eo s|a|emen|s ol l|nano|a|
pos|||on as a l|nanoe |ease oo||ga||ons.
Peroayarar seWa rarus d|p|sar|ar arlara oag|ar yarg
rerupa|ar oeoar |euargar dar oag|ar yarg rerupa|ar
pergurargar dar| ||ao|||las seWa ser|rgga rercapa| sualu
l|rg|al ourga yarg |orslar (lelap) alas sa|do |eWaj|oar. Rerla|
|orl|jer d|oeoar|ar pada per|ode lerjad|rya.
lease paymen|s are appor||oneo oe|ueen l|nanoe onarges
ano reouo||on ol |ne |ease oo||ga||on so as |o aon|eve a
oons|an| ra|e ol |n|eres| on |ne rema|n|ng oa|anoe ol |ne
||ao||||y. 0on||ngen| ren|a|s are reoogn|zeo as expenses |n |ne
per|oos |n un|on |ney are |nourreo.
Peroayarar seWa operas| d|a|u| seoaga| oeoar dergar
dasar gar|s |urus {s|a|gn|-||ne oas|sj se|ara rasa seWa,
|ecua|| lerdapal dasar s|sleral|s |a|r yarg dapal |eo|r
rercerr|r|ar po|a Wa|lu dar| rarlaal asel yarg d|r||ral|
perggura. Rerla| |orl|rjer d|a|u| seoaga| oeoar d|da|ar
per|ode lerjad|rya.
Dpera||ng |ease paymen|s are reoogn|zeo as an expense on a
|ra|gn|-||ne oas|s over |ne |ease |nerm, exoep| unere ano|ner
sys|ema||o oas|s |s more represen|a||ve ol |ne ||me pa||ern |n
un|on eoonom|o oenel||s lrom |ne |easeo asse| are oonsumeo.
0on||ngen| ren|a|s ar|s|ng unoer opera||ng |eases are reoogn|zeo
as an expense |n |ne per|oo |n un|on |ney are |nourreo.
0a|ar ra| |rserl|l d|pero|er da|ar seWa operas|, |rserl|l
lerseoul d|a|u|seoaga| |eWaj|oar. Kese|ururar rarlaal dar|
|rserl|l d|a|u| seoaga| pergurargar dar| o|aya seWa dergar
dasar gar|s |urus |ecua|| lerdapal dasar s|sleral|s |a|r yarg
|eo|r rercerr|r|ar po|a Wa|lu dar| rarlaal yarg d|r||ral|
perggura.
ln |ne even| |na| |ease |noen||ves are reoe|veo |o en|er |n|o
opera||ng |ease, suon |nsen||ves are reoogn|zeo as a ||ao||||y.
Tne aggrega|e oenel|| ol |noen||ves |s reoogn|zeo as a
reouo||on ol ren|a| expense on a s|ra|gn|-||ne oas|s, exoep|
unere ano|ner sys|ema||o oas|s |s more represen|a||ve ol |ne
||me pa||ern |n un|on eoonom|o oenel||s lrom |ne |easeo asse|s
are oonsumeo.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
20
(P8AK} 30 (Rev|s| 2007}
["8FA8"} 30 [Revised 2007}
3esua| dergar P3AK 30 (Rev|s| 200Z), ||as|l||as| seWa
d|dasar|ar alas sejaur rara r|s||o dar rarlaal yarg ler|a|l
dergar |eper||||ar asel seWaar oerada pada |essor alau
|essee. Perseroar rererap|ar P3AK 30 rev|s| secara
prospe|l|l. Per|a|uar a|urlars| seoe|urrya urlu| lrarsa|s|
dar sa|do seWa le|ar d|lerap|ar dergar oerar.
unoer |ne $F/$ J0 {Rev|seo 2007j, |ne o|ass|l|oa||on ol |ne
|eases |s oaseo on |ne ex|en| |o un|on r|sk ano reuaros
|no|oen|a| |o ounersn|p ol a |easeo asse| ||e u||n |ne |essor or
|ne |essee.Tne 0ompany app||eo |ne rev|seo P$/r J0
prospeo||ve|y. Tne prev|ous aoooun||ng |rea|men| lor |ease
|ransao||ons ano oa|anoes uas app||eo proper|y.
Pada larur 2008, 0eWar 3lardar A|urlars| Keuargar (l3AK)
8,Pererluar Apa|ar 3ualu Perjarj|ar Vergardurg 3ualu
3eWa dar Peroarasar Leo|r Larjul Kelerluar Trars|s| P3AK
No.30 (Rev|s| 200Z). lrlerprelas| lerseoul reroer||ar
pedorar urlu| rererlu|ar apa|ar sualu perjarj|ar ada|ar
perjarj|ar seWa alau perjarj|ar yarg rergardurg sualu seWa
ser|rgga rarus d|per|a|u|ar sesua| dergar P3AK 30 (Rev|s|
200Z).
ln 2008, |ne lnoones|an F|nano|a| /oooun||ng $|anoaros 3oaro
|ssueo an ln|erpre|a||on ol $|a|emen| ol F|nano|a| /oooun||ng
$|anoaro {"l$F/$j 8, "0e|erm|n|ng une|ner an /rrangemen|
oon|a|ns a lease ano Fur|ner Exp|ana||on aoou| Trans|||ona|
Prov|s|ons ol $F/$ J0 {Rev|seo 2007j. Tne |n|erpre|a||on
prov|oes gu|oanoe lor oe|erm|n|ng une|ner an arrangemen| |s,
or oon|a|ns, a |ease |na| snou|o oe aoooun|eo lor |n
aoooroanoe u||n $F/$ J0 {Rev|seo 2007j.
lrlerprelas| lerseoul juga rerg||ar|l||as| oarWa j||a pererapar
P3AK 30 (Rev|s| 200Z) l|da| relrospe|l|l, sa|do yarg ler|a|l
dergar lrarsa|s| seWa pero|ayaar yarg sudar ada
seoe|urrya d|arggap le|ar d|lerlu|ar secara lepal o|er |essor.
3eruourgar dergar seWa operas| yarg sudar ada
seoe|urrya, erl|las d|rarus|ar rergeva|uas| seWa lerseoul
urlu| rererlu|ar apa|ar seWa lerseoul rarus d|||as|l||as||ar
seoaga| seWa pero|ayaar rerurul P3AK 30 (Rev|s| 200Z).
J||a sualu seWa operas| yarg sudar ada seoe|urrya ada|ar
sualu seWa pero|ayaar rerurul P3AK 30 (Rev|s| 200Z),
erl|las d|peroo|er|ar urlu| rererap|ar P3AK 30 (Rev|s|
200Z) secara relrospe|l|l alau prospe|l|l. Lessee yarg rer|||r
pererapar relrospe|l|l rarus rererap|ar seo|ar-o|ar
|eo|ja|ar a|urlars| oaru oerdasar|ar P3AK (Rev|s| 200Z)
sudar oer|a|u lerradap serua p|rjarar. Lessee yarg rer|||r
pererapar relrospe|l|l rarus rererap|ar seo|ar-o|ar
|eo|ja|ar a|urlars| oaru oerdasar|ar P3AK 30 (Rev|s| 200Z)
|r| oer|a|u seja| aWa| per|ode saj|ar, lerradap serua
perjarj|ar yarg le|ar ada pada aWa| per|ode saj|ar.
Tne |n|erpre|a||on a|so o|ar|l|es |na|, |l $F/$ J0 {Rev|seo
2007j |s no| app||eo re|rospeo||ve|y, |ne oa|anoe ol any pre-
ex|s||ng l|nanoe |ease |s oeemeo |o nave oeen proper|y
oe|erm|neo oy |ne |essor. w||n respeo| |o |ne pre-ex|s||ng
opera||ng |eases, oompan|es are requ|reo |o eva|ua|e suon
|eases |n oroer |o oe|erm|ne une|ner |ney snou|o oe o|ass|l|eo
as l|nanoe |ease unoer $F/$ J0 {Rev|seo 2007j. ll any pre-
ex|s||ng opera||ng |ease |s a l|nanoe |ease unoer $F/$ J0
{Rev|seo 2007j, oompan|es may app|y $F/$ J0 {Rev|seo
2007j re|rospeo||ve|y or prospeo||ve|y. lessees |na| e|eo| |o
app|y re|rospeo||ve|y, sna|| app|y $F/$ J0 {Rev|seo 2007j as
|l || nao a|uays oeen app||eo |o a|| arrangemen|s a| |ne
|noep||on ol |nose arrangemen|s. wn||e |essees |na| e|eo| |o
app|y prospeo||ve|y, sna|| app|y $F/$ J0 {Rev|seo 2007j as ol
|ne oeg|nn|ng ol |ne ear||es| per|oo presen|eo |o a||
arrangemen|s ex|s||ng a| |ne oeg|nn|ng ol |ne ear||es| per|oo
presen|eo.
(P8AK} 50 (Rev|s| 200} dan (P8AK} 55 (Rev|s| 200}
Perseroar oe|ur rerg|rp|ererlas| P3AK 50 (Rev|s| 200)
dar P3AK 55 (Rev|s| 200) da|ar peryaj|ar |aporar |euargar
larur 2011 dar 2010 dar rarajerer Perseroar oer|eya||rar
oarWa pererapar slardar |r| l|da| rer|rou||ar peruoarar
rerdasar lerradap |eo|ja|ar a|urlars| alau l|da| rer|||||
darpa| raler|a| lerradap |aporar |euargar Perseroar per
largga| 31 0seroer 2010.
["8FA8"} 50 [Revised 2006} and ["8FA8"} 55 [Revised
2006}
Tne oompany nas no| |mp|emen|eo $F/$ 50 {Rev|seo 2006j
ano $F/$ 55 {Rev|seo 2006j |n |ne prepara||on ol l|nano|a|
s|a|emen|s |n 20'' ano 20'0 ano |ne oompanys managemen|
oe||eves |na| |ne app||oa||on ol |n|s s|anoaro o|o no| resu|| |n
lunoamen|a| onanges |o aoooun||ng po||o|es or oo no| nave a
ma|er|a| |mpao| on |ne l|nano|a| s|a|emen|s ol oompan|es as
ol 0eoemoer J', 20'0.
q. Pengakuan Pendapatan dan eban q. Revenue and Expense Recognition
Perdapalar dar| |eg|alar operas| la|s| d|a|u| oerdasar|ar
jur|ar selorar rar|ar pergerud|, sedarg|ar perdapalar dar|
|eg|alar operas| ||rous|re d|a|u| pada saal jasa d|oer||ar.
8eoar d|a|u| pada saal lerjad|rya (aoorua| oas|s).
Revenue lrom |ax| opera||ons |s reoogn|zeo oaseo on |ne oa||y
rem|||anoe lrom |ne or|vers. Revenue lrom ||mous|ne
opera||ons |s reoogn|zeo a| |ne ||me |ne serv|oes are renoereo.
Expenses are reoogn|zeo unen |nourreo {aoorua| oas|sj.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
21
r. Hanfaat Karyawan r. Employment 8enefits
Pada larur 2011 dar 2010, Perseroar rerga|u| ||ao|||las
urlu| |esejarleraar |aryaWar sesua| dergar urdarg -
urdarg No. 13 larur 2003 largga| 25 Varel 2003 rergera|
Keleraga|erjaar (uu No. 13/2003). 8erdasar|ar uu
No. 13/2003, Perseroar dar erl|las ara| d|rarus|ar
reroayar uarg pesargor, uarg pergrargaar dar garl| rug|
apao||a |ord|s| lerlerlu da|ar uu No. 13/2003 lerperur|.
8|aya jasa rasa |arpau d|arorl|sas| separjarg rasa |erja
yarg d|rarap|ar alas |aryaWar-|aryaWar yarg oersarg|ular.
ln 20'' ano 20'0, Tne 0ompany ano suos|o|ary aoorueo |ne
es||ma|eo ol ||ao|||||es lor severanoe, gra|u||y ano
oompensa||on pay |n aoooroanoe u||n lau ho. 'J year 200J
oa|eo Varon 25, 200J on laoor lau {lau ho. 'J/200Jj.
3aseo on lau ho. 'J/200J, |ne 0ompany ano ||s suos|o|ary
are requ|reo |o pay severanoe, gra|u||y ano oompensa||on |l
oer|a|n oono|||ons |n lau ho. 'J/200J are lu|l|||eo. Pas| serv|oe
oos| |s amor||zeo over |ne expeo|eo rema|n|ng uork|ng ||ves ol
|ne emp|oyees.
s. Pajak Penghas||an s. lncome Tax
8eoar paja| ||r| d|lerlu|ar oerdasar|ar |aoa |era paja|
da|ar per|ode yarg oersarg|ular yarg d|r|lurg oerdasar|ar
lar|l paja| yarg oer|a|u.
0urren| |ax expense |s oe|erm|neo oaseo on |axao|e |noome
lor |ne year oompu|eo us|ng preva|||ng |ax ra|es.
Asel dar ||ao|||las paja| larggurar d|a|u| alas |orse|uers|
paja| per|ode rerdalarg yarg l|rou| dar| peroedaar jur|ar
lercalal asel dar ||ao|||las rerurul |aporar |euargar dergar
dasar pergeraar paja| asel dar ||ao|||las. L|ao|||las paja|
larggurar d|a|u| urlu| serua peroedaar lerporer |era paja|
dar asel paja| larggurar d|a|u| urlu| peroedaar lerporer
yarg oo|er d||urarg|ar, separjarg oesar |erurg||rar dapal
d|rarlaal|ar urlu| rergurarg| |aoa |era paja| pada rasa
dalarg.
0elerreo |ax asse|s ano ||ao|||||es are reoogn|zeo lor |ne lu|ure
|ax oonsequenoes a||r|ou|ao|e |o o|llerenoes oe|ueen |ne
l|nano|a| s|a|emen| oarry|ng amoun|s ol ex|s||ng asse|s ano
||ao|||||es ano |ne|r respeo||ve |ax oases. 0elerreo |ax ||ao|||||es
are reoogn|zeo lor a|| |axao|e |emporary o|llerenoes ano
oelerreo |ax asse|s are reoogn|zeo lor oeouo||o|e |emporary
o|llerenoes |o |ne ex|en| |na| || |s prooao|e |na| |axao|e |noome
u||| oe ava||ao|e |n lu|ure per|oos aga|ns| un|on |ne oeouo||o|e
|emporary o|llerenoes oan oe u||||zeo.
Paja| larggurar d|u|ur dergar rerggura|ar lar|l paja| yarg
oer|a|u alau secara suolars|a| le|ar oer|a|u pada largga|
reraca. Paja| larggurar d|oeoar|ar alau d||red|l|ar da|ar
|aporar |aoa rug|, |ecua|| paja| larggurar yarg d|oeoar|ar
alau d||red|l|ar |argsurg |e e|u|las.
0elerreo |ax |s ooun|eo oy |ne |ax ra|es |na| nave oeen
enao|eo or suos|an||ve|y enao|eo oy |ne oa|anoe snee| oa|e.
0elerreo |ax |s onargeo or oreo||eo |n |ne oonso||oa|eo
s|a|emen| ol |noome, exoep| unen || re|a|es |o ||ems onargeo
or oreo||eo o|reo||y |o equ||y, |n un|on oase |ne oelerreo |ax |s
a|so onargeo or oreo||eo o|reo||y |o equ||y.
Asel dar ||ao|||las paja| larggurar d|saj||ar d| reraca, |ecua||
asel dar ||ao|||las paja| larggurar urlu| erl|las yarg oeroeda,
alas dasar |orpersas| sesua| dergar peryaj|ar asel dar
||ao|||las paja| ||r|.
0elerreo |ax asse|s ano ||ao|||||es are ollse| |n |ne oonso||oa|eo
oa|anoe snee|, exoep| |l |nese are lor o|lleren| |ega| en||||es, |n
|ne same manner |ne ourren| |ax asse|s ano ||ao|||||es are
presen|eo.
t. Laba Per 8aham t. Earnings Per 8hare
Laoa per sarar d||us|ar d|r|lurg dergar reroag| |aoa oers|r
dergar jur|ar rala-rala lerl|roarg sarar o|aya yarg le|ar
d|sesua||ar dergar darpa| dar| serua ele| oerpolers|
sarar o|aya yarg d||ul|l.
0||u|eo earn|ngs per snare |s oompu|eo oy o|v|o|ng ne| |noome
oy |ne ue|gn|eo average numoer ol snares ou|s|ano|ng our|ng
as aous|eo lor |ne elleo|s ol a|| o||u||ve po|en||a| oro|nary
snares.
u. Transaks| 0engan P|hak ere|as| u. Transactions with Related Parties
Perseroar re|a|u|ar lrarsa|s| dergar p|ra|-p|ra| oere|as|
seoaga|rara d|del|r|s||ar da|ar P3AK No. Z 'Pergurg|apar
P|ra|-P|ra| 8ere|as|. 3e|urur lrarsa|s| dar sa|do yarg
raler|a| dergar p|ra|-p|ra| oere|as| d|urg|ap|ar da|ar
calalar alas |aporar |euargar |orso||das|ar.
Tne 0ompany en|ers |n|o |ransao||ons u||n re|a|eo par||es as
oel|neo |n P$/r ho. 7 "Re|a|eo Par|y 0|so|osures. /||
s|gn|l|oan| |ransao||ons ano oa|anoes u||n re|a|eo par||es are
o|so|oseo |n |ne no|es |o |ne oonso||oa|eo l|nano|a| s|a|emen|s.
v. |nformas| 8egmen v. 8egment lnformation
Pe|aporar segrer d|saj||ar oerdasar|ar segrer usara yarg
ler|derl|l||as||ar. 3egrer usara rerupa|ar |orporer yarg
dapal d|oeda|ar da|ar usara la|s| dar oarar oa|ar gas dar
|e|orpo| lerseoul rer||||| res||o dar |roa|ar yarg oeroeda
dergar res||o dar |roa|ar segrer usara |a|rrya.
$egmen| |nlorma||on |s presen|eo oaseo upon |oen||l|ao|e
ous|ness segmen|s. / ous|ness segmen| |s a o|s||ngu|snao|e
oomponen| |na| engages |n |ax| ous|ness ano oompresseo
na|ura| gas suoeo| |o r|sks ano re|urns u|on are o|lleren| lrom
|nose ol o|ner ous|ness segmen|.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
22
4. KA8 0AN 8ETARA KA8 4. CA8h Ah0 CA8h E0JlVALEhT8
3 1 0 e s e m b e r 2 0 1 1 | 3 1 0 e s e m b e r 2 0 1 0 |
0 e c e m b e r 3 1 , 0 e c e m b e r 3 1 ,
2 0 1 1 2 0 1 0
R p R p
K a s 8 1 . 1 9 . 5 9 9 9 . 1 0 . 3 8 Z 0 a s n o n n a n o
8 a r | 0 a s n | n o a n k s
R u p | a r : R u p | a n .
P T 8 a r | V a r d | r | ( P e r s e r o ) T o | . 9 Z 1 . 1 1 2 1 1 Z . 5 1 . Z 3 5 P T 3 a n k V a n o | r | { P e r s e r o j T o k
P T 8 a r | V a r d | r | 3 y a r | a r . Z 1 5 . Z 1 1 8 . 1 Z 8 . 2 Z 9 P T 3 a n k V a n o | r | $ y a r | a n
Z 3 . Z 1 . 8 5 3 1 2 . 0 1 0 . 0 1 1
V a l a u a r g a s | r g : F o r e | g n o u r r e n o | e s .
P T 8 a r | V a r d | r | ( P e r s e r o ) T o | 3 1 . 5 0 1 . 2 5 1 5 . Z 5 1 . 5 1 2 P T 3 a n k V a n o | r | { P e r s e r o j T o k
3 1 . 5 0 1 . 2 5 1 5 . Z 5 1 . 5 1 2
J u m | a h 1 8 9 . 7 1 5 . 0 7 7 2 1 0 . 9 0 0 . 9 4 3 T o t a l
5. P|UTANC U8AhA 5. TRA0E ACC0JhT8 RECElVA8LE
A|ur |r| rerupa|ar lag|rar yarg l|rou| dar| jasa pera|a|ar
||rous|re dar perjua|ar gas o|er p|ra| |el|ga.
Tn|s aoooun| represen|s reoe|vao|es ar|s|ng lrom |ne ||mous|ne ren|
serv|oes ano gas sa|e |o |n|ro par||es.
Jur|ar p|ularg usara oerdasar|ar urur (rar|) seoaga| oer||ul : Traoe aoooun|s reoe|vao|e oy age oa|egory .
3 1 0 e s e m b e r 2 0 1 1 | 3 1 0 e s e m b e r 2 0 1 0 |
0 e c e m b e r 3 1 , 0 e c e m b e r 3 1 ,
2 0 1 1 2 0 1 0
R p R p
J a l u r T e r p o : P a s | o u e .
1 - 3 0 r a r | 3 8 . 3 1 . 0 1 2 1 . 2 8 . 3 5 ' - J 0 o a y s
3 1 - 0 r a r | 1 . 2 3 1 . 5 9 1 1 1 . 0 1 . 3 9 1 J ' - 6 0 o a y s
J u r | a r 3 9 0 . 8 9 . 1 9 7 1 3 5 . 8 8 7 . 7 4 7 T o | a |
Varajerer oerperdapal oarWa se|urur p|ularg lerseoul dapal
d|lag|r, ser|rgga l|da| d|ada|ar pery|s|rar p|ularg ragu-ragu.
Vanagemen| oe||eves |na| a|| reoe|vao|es are lu||y oo||eo||o|e,
|nerelore no a||ouanoe lor oouo|lu| aoooun|s uas prov|oeo.
. P|UTANC LA|N - LA|N 6. 0ThER ACC0JhT8 RECElVA8LE
3 1 0 e s e m b e r 2 0 1 1 | 3 1 0 e s e m b e r 2 0 1 0 |
0 e c e m b e r 3 1 , 0 e c e m b e r 3 1 ,
2 0 1 1 2 0 1 0
R p R p
P e r g e r u d | 5 . 9 . 0 1 1 . 2 Z 3 1 . 9 Z 0 . 2 3 1 . Z 0 0 r | v e r s
K a r y a W a r 9 1 1 . 0 0 0 1 . 0 9 1 . 0 0 0 E m p | o y e e s
L a | r - L a | r 2 5 . 0 0 0 . 0 0 0 3 1 3 . 0 Z Z . Z Z 5 D | n e r s
C a d a r g a r p e r y | s | r a r p | u l a r g ( 1 . 1 8 . 0 9 1 . 0 0 3 ) ( 1 . 2 3 1 . 2 3 0 . 1 Z 1 ) / | | o u a n o e l o r o o u o | l u | r e o e | v a o | e s .
J u m | a h 4 . 0 4 . 8 4 . 2 7 0 4 . 0 5 3 . 1 7 . 0 4 T o t a l
P|ularg |epada |aryaWar lerulara l|rou| dar| peroer|ar p|rjarar,
sedarg|ar p|ularg pergerud| oerasa| dar| |e|urargar selor
perdapalar operas|ora| lax|. P|ularg |r| l|da| d|oeoar| ourga dar
peroayararrya a|ar d|perr|lurg|ar re|a|u| perolorgar gaj| urlu|
p|ularg |aryaWar dar peryerarar ras|| perdapalar operas|ora|
lax| o|er pergerud|.
/oooun| reoe|vao|e lrom emp|oyees represen| |oans un||e
reoe|vao|e lrom or|vers nas ar|sen oue |o |aok ol |ax| opera||ona|
revenue. Tnese reoe|vao|es are no| suoeo| |o |n|eres|, ano
paymen|s are oo||eo|eo |nrougn oeouo||on lrom emp|oyee sa|ar|es
ano suosequen| |ax| opera||ona| revenue oy |ne or|ver.
Vulas| pery|s|rar p|ularg ragu-ragu ada|ar seoaga| oer||ul: Tne movemen| ol |ne prov|s|on lor oouo|lu| reoe|vao|es |s as
lo||ous.
31 0esem ber 2011 | 31 0esem ber 2010 |
0ecem ber 31, 0ecem ber 31,
2011 2010
Rp Rp
3o aWa| 1.231.230.1Z1 ZZ0.08Z.89 Dpen|ng oa|anoe
Percadargar larur oerja|ar 11.80.532 11.112.5Z5 Prov|s|on lor |ne year
8a|do akh|r 1.48.091.003 1.231.230.471 Ending balance
31 0E8EHER 2011 0AN 1 JANUAR| 2010
23
Varajerer oer|eya||rar oarWa pery|s|rar p|ularg ragu-ragu
lerseoul cu|up urlu| rerulup| |erug|ar dar| l|da| lerlag|rrya
p|ularg |a|r-|a|r.
Vanagemen| oe||eves |na| |ne prov|s|on lor oouo|lu| o|ner
reoe|vao|es |s aoequa|e |o oover |oss on non-oo||eo||o|e
reoe|vao|es.
7. PER8E0|AAN 7. lhVEhT0RlE8
8. A8ET TETAP 8. FlXE0 A888ET8
1 Jaruar| / 31 0eseroer /
January ', Peraroarar / Pergurargar / Re||as|l||as| / 0eoemoer J',
20'' /oo|||ons 0eouo||ons Reo|as|l|oa||on 20''
Rp Rp Rp Rp Rp
|aya Pero|ehan : At cost :
Asel lelap ror arrada lrarsporlas|: hon |ranspor|a||on l|ee| .
Tarar 1.ZZ9.591.898 - - - 1.ZZ9.591.898 lano
8argurar 2.018.183.Z59 - - - 2.018.183.Z59 3u||o|ngs
3las|ur perg|s|ar 880 1.382.1Z.051 - - - 1.382.1Z.051 0hS Relue||ng s|a||on
Kerdaraar |arlor 1.315.00.320 - - - 1.315.00.320 Dll|oe ven|o|es
Pera|alar oerg|e| 2.890.51.111 3.25.200 - - 2.893.811.311 Too|s
Pera|alar |orur||as| 1.9Z1.9Z1.250 - - - 1.9Z1.9Z1.250 0ommun|oa||on equ|pmen|
Peraool dar pera|alar Dll|oe lurn||ure, l|x|ures
|arlor 2.833.501.01 18.Z55.000 - - 2.852.259.01 ano equ|pmen|
Asel lelap arrada lrarsporlas|: Transpor|a||on l|ee| .
Kerdaraar usara 115.118.551.215 - 595.000.000 - 111.553.551.215 Dpera||ng ven|o|es
Jum|ah
144.399.834.241 22.020.200 595.000.000 - 143.82.854.441
Total
Akumu|as| Penyusutan : 0epreciations :
Asel lelap ror arrada lrarsporlas| : hon |ranspor|a||on l|ee| .
8argurar 519.89.031 102.121.188 - - 22.293.222 3u||o|ngs
3las|ur perg|s|ar 880 1.019.92.051 9.500.001 - - 1.089.12.055 0hS Relue||ng s|a||on
Kerdaraar |arlor 953.935.2Z9 119.12.Z12 - - 1.103.5ZZ.991 Dll|oe ven|o|es
Pera|alar oerg|e| 2.232.519.05 2.1Z3.00 - - 2.231.92.125 Too|s
Pera|alar |orur||as| 535.515.Z8 113.83.912 - - 19.382.Z28 0ommun|oa||on equ|pmen|
|arlor 2.Z51.30.105 18.9Z2.1Z3 - - 2.800.2Z8.8Z8 ano equ|pmen|
Asel lelap arrada lrarsporlas| : Transpor|a||on l|ee| .
Kerdaraar usara Z9.Z8.35.11 5.33.91Z.Z00 5Z1.93.111 - 81.815.319.933 Dpera||ng ven|o|es
Jum|ah 102.799.47.24 .120.47.079 574.93.411 - 108.344.970.932 Total
N||a| uku
41.00.3.977 35.481.883.510
het 8ook Value
31 0 esem b er 2011| 31 0 esem b er 2010 |
0 ecem b er 31, 0 ecem b er 31,
2011 2010
R p R p
8 arar 8 a| ar 0 as 1. 131. 52. 301 1. 28Z. 528. 12 0 om pres s eo na| ura| gas
3 u| u C adarg 985. 2. 12 922. 0. 0Z2 $ pare par| s
Ju m | ah 2. 11. 792. 727 2. 209. 594. 198 T o tal
31 0E8EHER 2011 0AN 1 JANUAR| 2010
21
1 Jaruar| / 31 0eseroer /
January ', Peraroarar / Pergurargar / Re||as|l||as| / 0eoemoer J',
20'0 /oo|||ons 0eouo||ons Reo|as|l|oa||on 20'0
Rp Rp Rp Rp Rp
|aya Pero|ehan : At cost :
Asel ror arrada lrarsporlas|: hon |ranspor|a||on l|ee| .
Per||||ar Largsurg 0|reo| aoqu|s|||ons
Tarar
1.ZZ9.591.898 - - - 1.ZZ9.591.898
lano
8argurar 2.018.183.Z59 - - - 2.018.183.Z59 3u||o|ngs
3las|ur perg|s|ar 880 1.382.1Z.051 - - - 1.382.1Z.051 0hS Relue||ng s|a||on
Kerdaraar |arlor
1.531.818.120 - 18.811.800 - 1.315.00.320
Dll|oe ven|o|es
Pera|alar oerg|e|
2.890.51.111 - - - 2.890.51.111
Too|s
Pera|alar |orur||as|
3.5Z.15.Z09 - 1.595.11.159 - 1.9Z1.9Z1.250
0ommun|oa||on equ|pmen|
Peraool dar pera|alar Dll|oe lurn||ure, l|x|ures ano
|arlor 2.Z81.335.00 52.19.001 - - 2.833.501.01 equ|pmen|
Asel 3eWa 0ura usara : leaseo /sse|s .
Kerdaraar usara
Z.98.250.000 - - (Z.98.250.000) -
Dll|oe ven|o|es
Asel lelap arrada lrarsporlas|: Transpor|a||on l|ee| .
Per||||ar Largsurg 0|reo| /oqu|s|||ons
Kerdaraar usara 10Z.12.301.215 - - Z.98.250.000 115.118.551.215 Dpera||ng ven|o|es
Jum|ah
14.130.121.49 52.19.004 1.782.45.259 - 144.399.834.241
Total
Akumu|as| Penyusutan : 0epreciations :
Asel lelap ror arrada lrarsporlas| : hon |ranspor|a||on l|ee| .
Per||||ar Largsurg 0|reo| aoqu|s|||ons
8argurar
11Z.09.81 102.Z99.188 - - 519.89.031
3u||o|ngs
3las|ur perg|s|ar 880
15.805.150.190 211.1Z5.51 - - 1.019.92.051
0hS Relue||ng s|a||on
Kerdaraar |arlor
ZZ.29.85 21.503.811 ZZ.838.250 - 953.935.2Z9
Dll|oe ven|o|es
Pera|alar oerg|e|
2.230.80.59 1.838.19 - - 2.232.519.05
Too|s
Pera|alar |orur||as|
1.50Z.52.989 213.2Z1.Z0 1.215.288.8Z3 - 535.515.Z8
0ommun|oa||on equ|pmen|
|arlor
2.198.153.3Z8 252.853.02Z - - 2.Z51.30.105
ano equ|pmen|
Asel 3eWa 0ura usara : leaseo /sse|s .
Kerdaraar usara .55.208.333 532.11.Z - (Z.18Z.25.000) - Dll|oe ven|o|es
Asel lelap arrada lrarsporlas| : Transpor|a||on l|ee| .
Per||||ar Largsurg 0|reo| /oqu|s|||ons
Kerdaraar usara 1.912.831.830 Z.85.908.811 - Z.18Z.25.000 Z9.Z8.35.11 Dpera||ng ven|o|es
Jum|ah
94.794.527.147 9.298.07.240 1.293.127.123 - 102.799.47.24
Total
N||a| uku 51.335.594.349 41.00.3.977 het 8ook Value
Asel lelap |erdaraar usara dar |erdaraar |arlor d|jad||ar jar|rar
urlu| las|||las p|rjarar yarg d|pero|er dar| PT 0r|x lrdores|a
F|rarce (Calalar 1Z). 0a|ar larur 2010 se|urur jar|rar le|ar
d||eroa|||ar |e Perseroar, seruourgar dergar le|ar d||uras|rya
ularg Perseroar.
Dpera||ng ven|o|es ano oll|oe ven|o|es are p|eogeo as oo||a|era| |o
|ne |oan lao|||||es lrom PT Dr|x lnoones|a F|nanoe {ho|es '7j. ln |ne
year 20'0 a|| oo||a|era| nas oeen re|urneo |o |ne 0ompany, oue |o
|ne reoemp||on ol oeo|.
Perseroar rer||||| oeoerapa o|darg larar yarg ler|ela| d|
3uraoaya dergar ra| |ega| oerupa la| 0ura 8argurar yarg
oerjarg|a Wa|lu 20 (dua pu|ur) larur yarg a|ar jalur lerpo arlara
larur 2011 dar 202. Varajerer oerperdapal l|da| lerdapal
rasa|ar dergar perparjargar ra| alas larar |arera se|urur larar
d|pero|er secara sar dar d|du|urg dergar ou|l| |eper||||ar yarg
rerada|.
Tne 0ompany nao severa| p|eoes ol |ano |ooa|eo |n $uraoaya u||n
3u||o|ng use R|gn| lor a per|oo ol 20 {|uen|yj years un||| 20'4 ano
2026. Vanagemen| oe||eves |na| |nere u||| oe no o|ll|ou||y |n |ne
ex|ens|on ol |ne |ano r|gn|s s|noe a|| |ne |ano uere aoqu|reo |ega||y
ano suppor|eo oy sull|o|en| ev|oenoe ol ounersn|p.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
25
Pada largga| 31 0eseroer 2011, 31 0eseroer 2010 dar 1 Jaruar|
2010, Perseroar l|da| rergasurars||ar asel lelaprya.
ln 0eoemoer J', 20'', 0eoemoer J', 20'0 ano January ', 20'0
|ne 0ompany o|on| |nsure ||s l|xeo asse|s.
9. |AYA PRA 0PERA8| 9. PRE 0PERATlhC EXPEh8E8
31 0esember 2011 | 31 0esember 2010|
0ecember 31, 0ecember 31,
2011 2010
Rp Rp
PT Zeora lrlerral|ora| 0ry Porl 1.328.100.2Z0 1.328.100.2Z0 PT Zeora ln|erna||ona| 0ry Por|
PT Zeora Ererg| - 29.111.Z35 PT Zeora Energ|
Jum|ah 1.328.400.270 1.357.842.005 Total
8|aya pra operas| PT Zeora Ererg| (Erl|las ara|) rerupa|ar o|aya
|rsla|as| gas pada rasa pra operas|. Pada larur 2008 erl|las ara|
ru|a| re|a|u|ar |eg|alar operas|ora|. Alas o|aya pra operas|
lerseoul d|arorl|sas| se|ara l|ga larur, seoesar Rp. 29.111.Z30,-,
per 31 0eseroer 2011 dar Rp. 11Z.Z.920,- per 31 0eseroer
2010 dar 1 Jaruar| 2010.
Pre opera||ng expense PT Zeora Energy {suos|o|aryj uas gas
|ns|a||a||on oos| a| pre opera||ng pnase. /| 2008 suos|o|ary s|ar| |o
opera||ng. For |nose pra opera||ng expense uas amor||zeo lor J
year, amoun||ng |o Rp. 29.44'.7J0,-, lor |ne year 0eoemoer J',
20'' ano Rp ''7.766.920,- lor |ne year 0eoemoer J', 20'0 ano
January ', 20'0.
31 0esember 2011 | 31 0esember 2010 |
2011 2010
Rp Rp
8eoar pra operas| 11Z.208.55 11Z.208.55 Pre opera||ng expense
Arorl|sas| oeoar pra operas| (11Z.208.55) (11Z.Z.920) /mor||za||on ol pre opera||ng expense
8a|do akh|r - 29.441.735 Ending balance
8|aya pra operas| dar| PT Zeora lrlerral|ora| 0ry Porl (Erl|las Ara|)
ada|ar o|aya urlu| per|j|rar dar |rsla|as| 0ry Porl,. 3arpa| dergar
largga| 31 0eseroer 2011, PT Zeora lrlerral|ora| 0ry Porl oe|ur
re|a|u|ar operas|.
Pre opera||ng expense lrom PT Zeora ln|erna||ona| {suos|o|aryj lor
||oense ano ory por| |ns|a|a||on. un||| 0eoemoer J', 20'' PT Zeora
ln|erna||ona| ory por| no| opera||ng ye|.
10. UTANC U8AhA - P|hAK KET|CA 10. TRA0E ACC0JhT8 PAYA8LE - ThlR0 PARTlE8
A|ur |r| rerupa|ar ||ao|||las yarg l|rou| alas peroe||ar su|u
cadarg |epada p|ra| |el|ga.
Tn|s aoooun| represen|s payao|es |o |n|ro par||es ar|s|ng lrom
aoqu|s|||on ol spare par|s.
Jur|ar ularg usara oerdasar|ar urur (rar|) ada|ar seoaga|
oer||ul:
Traoe aoooun|s payao|e oy oa|egory .
31 0esember 2011 | 31 0esember 2010|
2011 2010
Rp Rp
> 1-3 ou|ar 193.535.322 505.Z53.590 > ' - J mon|n
> 3- ou|ar 192.Z12.20 502.128.19 > J - 6 mon|n
> ou|ar - 1 larur 1.015.20Z.352 1.0Z.93.321 > 6 mon|n - ' year
Jum|ah 2.031.454.880 2.075.818.083 Total
Jarg|a Wa|lu |red|l yarg l|rou| dar| peroe||ar su|u cadarg
oer||sar 90 sarpa| dergar 30 rar|.
Puronase ol spare par|s nave oreo|| |erms ol 90 |o J60 oays.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
2
11. UTANC LA|N - LA|N 11. 0ThER ACC0JhT8 PAYA8LE
31 0esember 2011 | 31 0esember 2010 |
2011 2010
Rp Rp
P|ra| yarg oere|as| Re|a|eo par|y
PT 3leady 3ale To| (Calalar 2Z) 208.050.000 208.050.000 PT $|eaoy $ale Tok {ho|e 27j
Jum|ah 208.050.000 208.050.000 Total
P|ra| Kel|ga Tn|ro Par||es
Ed| w|darlo 200.000.000 200.000.000 Eo| w|oar|o
Jar|rar Pergerud| Z8.5Z.500 ZZ.232.500 0r|vers guaran|ee oepos||s
3pareparl Pergerud| 29.351.825 29.351.825 0r|vers $parepar|s
0ara Cadargar Keper||||ar 20.100.311 20.100.311 Dunersn|p reserve luno
Taourgar Pergerud| 1.91.829 1.91.829 0r|vers sav|ng o|ners
La|r-|a|r 30.391.92 1.022.222.500 0lrers
Jum|ah 3.10.457 1.350.01.995 Total
Jum|ah Utang La|n-|a|n 844.15.457 1.558.51.995 Total 0ther Accounts Payable
ularg |epada PT 3leady 3ale To| d| alas, l|rou| dar| o|aya seWa
dua ur|l o|s AC dar salu ur|l o|s regu|ar yarg sudar l|da|
oeroperas|. ularg |r| l|da| d|oeoar| ourga dar l|da| d|lerlu|ar
jarg|a Wa|lu pergeroa||ar yarg pasl|.
Tne payao|e |o PT $|eaoy $ale Tok aoove, appears lrom |ne
expense ol ren||ng |uo un||s ol a|r oono|||oneo ous ano a un|| ol
regu|ar ous nas no| opera|eo. Tn|s payao|e nas no oel|n||e |erm ol
paymen| ano ||s non-|n|eres| oear|ng.
12. UTANC PAJAK 12. TAXE8 PAYA8LE
31 0esember 2011| 31 0esember 2010|
2011 2010
Rp Rp
Pasa| 21 32Z.911.180 33Z.29.830 /r||o|e 2'
Pasa| 23 11.8Z9.082 11.8Z9.082 /r||o|e 2J
Pasa| 25 33.8Z.95Z 33.8Z.95Z /r||o|e 25
Pasa| 29 - - /r||o|e 29
Paja| our| dar oargurar 23.012.5Z 23.012.5Z lano ano ou||o|ng |ax
Jum|ah 39.80.095 40.05.445 Total
13. |AYA YANC HA8|h hARU8 0|AYAR 13. ACCRJE0 EXPEh8E8
31 0esember 2011| 31 0esember 2010|
2011 2010
Rp Rp
8urga 1.55.85 1.251.Z10 ln|eres|
0aj| dar |esejarleraar |aryaWar 389.1.8Z2 2Z9.5.12 $a|ar|es ano emp|oyee oenel||s
La|r - La|r 503.889.3Z 10.29.99 D|ners
Jum|ah 910.102.374 741.117.805 Total
31 0E8EHER 2011 0AN 1 JANUAR| 2010
2Z
14. wE8EL AYAR 14. h0TE8 PAYA8LE
Perseroar rerpurya| ularg da|ar oerlu| Wese| oayar alas urju|
larpa ourga dar jar|rar |epada Crr|sloprer Josepr (p|ra| |el|ga)
seoesar Rp. 25.11Z.21.339,- per 31 0eseroer 2011 dar 2010
dergar r|rc|ar sural prores seoaga| oer||ul :
0ompany nas |oan lrom no|es payao|e u||nou| oear|ng |n|eres| ano
guaran|ee |o 0nr|s|opner Josepn {|n|ro par|yj amoun||ng |o
Rp. 25.4'7.624.JJ9,- oue on 0eoemoer J', 20'' ano 20'0 u||n
oe|a||s ol prom|ssory no|es as lo||ous .
No.
Noror /
humoer
Targga| va|ula /
va|ue 0a|e
Targga| Jalur Terpo /
Va|ur||y 0a|e
N||a| Nor|ra| /
hom|na| va|ue
1. ZN-01/PN/l/11 3 Jaruar| 2011 / January J, 20'' 31 0eseroer 2011 / 0eoemoer J', 20''
Rp
23.983.29.11
2. ZN-02/PN/lv/11 1 Apr|| 2011 / /pr|| 4, 20'' 13 Apr|| 2012 / /pr|| J, 20'2 1.131.355.1Z5
Jur|ar /To|a| 25.11Z.21.339
wese| oayar yarg jalur lerpo pada largga| 31 0eseroer 2010
seoesar Rp. 23.983.29.11,- le|ar d|perparjarg sesua| dergar
Adderdur Perjarj|ar P|rjarar vlll largga| 1 Jaruar| 2011 yarg
d|perparjarg sarpa| dergar 31 0eseroer 2011.
Prom|sory no|es ma|ure 0eoemoer J', 20'0 amoun||ng |o
Rp. 2J.98J.269.'64,- nas oeen ex|enoeo |n aoooroanoe u||n |ne
aooenoum vlll |oan agreemen|, oa|eo January 4, 20'' u||n
ex|enoeo un||| 0eoemoer J', 20''.
Peraroarar perparjargar p|rjarar Wese| oayar seoesar
Rp. 1.131.355.1Z5,- le|ar d||a|u|ar sesua| dergar Adderdur
Perjarj|ar P|rjarar vll pada largga| 11 Apr|| 2011 yarg rerupa|ar
salu |esaluar dar| Perjarj|ar P|rjarar seoe|urrya.
Tne aoo|||on ol |oan no|es payao|e amoun||ng |o
Rp. '.4J4.J55.'75,- nave oeen oarr|eo ou| |n aoooroanoe u||n |ne
loan /greemen| /ooenoum vll on /pr|| '4, 20'', un|on |s a un||y
ol |ne prev|ous |oan agreemen|.
P|rjarar |r| lerulara d|gura|ar urlu| operas|ora| Perseroar dar
peroayarar ularg.
Tnese |oans are ma|n|y useo lor oompany opera||ons ano oeo|
paymen|s.
15. UTANC ANK 15. 8AhK L0Ah8
A|ur |r| rerupa|ar ularg pada PT. 8ar| v|clor|a lrlerral|ora| To|,
ler|rc| seoaga| oer||ul :
Tn|s aoooun| |s oeo| on PT. 3ank v|o|or|a ln|erna||ona| Tok,
oe|a||eo as lo||ous .
31 0esember 2011 | 31 0esember 2010|
2011 2010
Rp Rp
PT. 8ar| v|clor|a lrlerral|ora|, To| PT. 3ank v|o|or|a ln|erna||ona|, Tok
Rup|ar - Va|s|rur |red|l Rp 1.500.000.000,- 1.1Z1.513.183 - Rup|an - Vax|mum oreo|| Rp '.500.000.000,-
Jum|ah 1.471.543.183 - Total
PT 8ar| v|clor|a lrlerral|ora| To| PT 3ank v|o|or|a ln|erna||ona| Tok
Perseroar rerdapal|ar las|||las |red|l p|rjarar re|er|rg |orar
dar| PT 8ar| v|clor|a lrlerral|ora| To|, oerdasar|ar perjarj|ar
|red|l A|la Nolar|s 3uWarr| 3u||rar, 3l roror Z0 largga|
15 Varel 2011, dergar |elerluar seoaga| oer||ul :
Tne 0ompany reoe|veo |oans lrom oreo|| aoooun|s s|a|emen|s lrom
PT 3ank v|o|or|a ln|erna||ona| Tok, oaseo on |ne oreo|| agreemen|
ho|ar|a| $uuarn| $uk|man, $l nomor 70 oa|e Varon '5, 20'' u||n
|ne prov|s|ons as lo||ous .
1. Va|s|rur Rp. 1.500.000.000,- '. Vax|mum Rp. '.500.000.000,-
2. Fas|||las |red|l P|rjarar Re|er|rg Korar 2. 0reo|| lao||||y 0reo|| aoooun|s s|a|emen|s
3. Jarg|a Wa|lu 12 ou|ar alau 1 larur lerr|lurg
seja| largga| 1 Varel 2011 -
1 Varel 2012
J. Per|oo '2 mon|ns or ' year oa|ou|a|eo
lrom oa|e Varon '6, 20'' - Varon
'6, 20'2
1. T|rg|al ourga 11 ele|l|l 4. Ra|e |n|eres| '' / elleo||ve
5. Jar|rar |red|l 3eo|darg larar la| 0ura
8argurar yarg ler|ela| d| da|ar
Prop|rs| JaWa T|rur, Kolaradya
3uraoaya, Kecaralar
3u|orarurgga|, Ke|urarar
Tarjurgsar|, selerpal d||era|
seoaga| Tarjurgsar| Vas Noror
1, seoaga|rara lerryala dar|
serl|l||al la| 0ura 8argurar
Noror 183
5. 0reo|| guaran|ee / p|o| ol |ano |ne R|gn| |o 3u||o|ngs
|na| are |ooa|eo |n Prov|noe ol Eas|
Java, $uraoaya, $ukomanungga|,
Tanungsar|, knoun as Tanungsar|
Vas homor ', as ue|| as ao|ua||y
lrom oer||l|oa|e humoer '8J6.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
28
1. UTANC ANK JANCKA PANJANC 16. 8AhK L0Ah8 L0hC TERY
A|ur |r| rerupa|ar ularg pada PT. 8ar| v|clor|a lrlerral|ora| To|,
ler|rc| seoaga| oer||ul :
Tn|s aoooun| |s oeo| on PT. 3ank v|o|or|a ln|erna||ona| Tok,
oe|a||eo as lo||ous .
31 0esember 2011 | 31 0esember 2010 |
2011 2010
Rp Rp
PT. 8ar| v|clor|a lrlerral|ora|, To| PT. 3ank v|o|or|a ln|erna||ona|, Tok
Rup|ar - Va|s|rur |red|l Rp 5.000.000.000,- 3.89.000.000 - Rup|an - Vax|mum oreo|| Rp 5.000.000.000,-
Jum|ah 3.89.000.000 - Total
lularg oar| jarg|a parjarg yarg jalur lerpo
da|ar Wa|lu salu larur (1.5.000.000) - 3ank |oans |ong |erm ma|ur||y one year
Jum|ah hutang ank - Jangka Panjang
2.240.000.000 -
Total 8ank Loans - Long Term
PT 8ar| v|clor|a lrlerral|ora| To| PT 3ank v|o|or|a ln|erna||ona| Tok
Perseroar rerdapal|ar las|||las |red|l roda| |erja dar| PT 8ar|
v|clor|a lrlerral|ora| To|, oerdasar|ar perjarj|ar |red|l A|la Nolar|s
3uWarr| 3u||rar, 3l roror Z1 largga| 15 Varel 2011, dergar
|elerluar seoaga| oer||ul :
Tne oompany reoe|veo |oans lrom oreo|| uork|ng oap||a| lrom PT
3ank v|o|or|a ln|erna||ona| Tok, oaseo on |ne oreo|| agreemen|
ho|ar|a| $uuarn| $uk|man, $l nomor 7' oa|e Varon '5, 20'' u||n
|ne prov|s|ons as lo||ous .
1. Va|s|rur Rp. 5.000.000.000,- '. Vax|mum Rp. 5.000.000.000,-
2. Fas|||las |red|l P|rjarar Telap 0ergar Argsurar 2. 0reo|| lao||||y F|xeo 0reo|| w||n lns|a||men|
3. Jarg|a Wa|lu 3Z ou|ar lerr|lurg seja| largga| 1
Varel 2011
Argsurar ou|ar |e 2 sarpa| 3
ras|rg-ras|rg seoesar
Rp 138.000.000,- per ou|ar, argsurar
|e 3Z alau lera|r|r seoesar
Rp 1Z0.000.000,-
J Per|oo J7 mon|ns oa|ou|a|eo lrom oa|e
Varon '6, 20''
lns|a||men| mon|ns |o 2 un||| J6
eaon amoun| |o Rp 'J8.000.000,-
per mon|n, |ns|a||men| mon|n |o J7
or l|na| amoun| |o
Rp '70.000.000,-
1. T|rg|al ourga 11 ele|l|l 4. Ra|e |n|eres| '' / elleo||ve
5. Jar|rar |red|l 3eo|darg larar la| 0ura 8argurar
yarg ler|ela| d| da|ar Prop|rs| JaWa
T|rur, Kolaradya 3|doarjo, Kecaralar
waru, 0esa 8eroe|, selerpal d||era|
seoaga| Ja|ar 8eroe| lrduslr| lv/Z,
seoaga|rara lerryala dar| serl|l||al
la| 0ura 8argurar Noror Z2/8eroe|.
0ar| deo|lor dar per|||| urlu|
rergurus perparjargar ra| alas
'3erl|l||al la| 0ura 8argurar Noror
Z2/8eroe| se|uas 2.389 r2 d| Ja|ar
8eroe| lrduslr| lv ro. Z 3|doarjo
5. 0reo|| guaran|ee / p|o| ol |ano |ne R|gn| |o 3u||o|ngs
|na| are |ooa|eo |n Prov|noe ol Eas|
Java, $|ooaro, 3eroek, knoun as
Ja|an 3eroek lnous|r| lv/7, as ue||
as ao|ua||y lrom oer||l|oa|e humoer
72/3eroek. From oeo||or ano
ouner lor reneu |ne|r r|gn|s over
"0er||l|oa|e R|gn|s |o 3u||o|ngs
humoer 72/3eroek an area ol
2.J89 m2 a| Ja|an 3eroek lnous|r|
lv no. 7 $|ooaro
17. P|NJAHAN JANCKA PANJANC 17. L0hC TERY L0Ah8
31 0esember 2011 |31 0esember 2010 |
2011 2010
Rp Rp
PT Aslra 3edaya F|rarce 500.000.000 500.000.000 PT /s|ra seoaya F|nanoe
PT 0llo F|rarce 5Z.898.Z12 158.Z31.250 PT D||o F|nanoe
PT 0r|x lrdores|a F|rarce 21.312.Z90 21.312.Z90 PT Dr|x lnoones|a F|nanoe
Jur|ar 582.211.502 83.0ZZ.010 To|a|
8ag|ar yarg jalur lerpo da|ar Wa|lu
salu larur (582.211.502) (25.1Z8.328) 0urren| ma|ur|||es
P|njaman Jangka Panjang ers|h - 57.898.712 Long-term Loans-het
31 0E8EHER 2011 0AN 1 JANUAR| 2010
29
PT Aslra 3edaya F|rarce PT /s|ra $eoaya F|nanoe
Pada larur 2001, Perseroar rerpero|er las|||las pero|ayaar dar|
PT Aslra 3edaya F|rarce urlu| peroe||ar 350 ur|l |erdaraar
usara (Toyola 3o|ura dar lyurda| Exce|) dergar r||a| pero|ayaar
se|ururrya seoesar Rp. 28.15.212.39,-. Jarg|a Wa|lu pe|urasar
35 ou|ar sarpa| dergar 50 ou|ar, d|oeoar| ourga 11 - 13
perlarur dar d|jar|r dergar se|urur ur|l |erdaraar lerseoul.
ln 2004, |ne 0ompany oo|a|neo l|nano|a| lao|||||es lrom PT /s|ra
$eoaya F|nanoe |o puronase J50 un||s lor ous|ness ven|o|es
{Toyo|a $o|una ano lyunoa| Exoe|j u||n oa|anoe oue amoun||ng |o
Rp. 28.'65.2'2.J69,-. Tne lao|||||es are oue oe|ueen J5 un|||
50 mon|ns, oear|ng |n|eres| ''/ - 'J/ per annum. Tnose are
oo||a|era||zeo oy a|| ol |nose ven|o|es.
Pada 21 Noperoer 200 Perseroar re|a|u|ar |esepa|alar
dergar PT Aslra 3edaya F|rarce yarg d|ruoar dergar
|esepa|alar |edua pada 13 0eseroer 200 alas rercara
perye|esa|ar ularg pero|ayaar re|a|u| peryerarar sejur|ar Asel
Telap Perseroar (asse|s se|||emen|).
ln hovemoer 24, 2006, |ne 0ompany en|ereo an agreemen| u||n
PT /s|ra $eoaya F|nanoe un|on ammenoeo oaseo on seoono
agreemen| on 0eoemoer 'J, 2006 lor oeo| se|||emen| p|ann|ng
|nrougn re|eas|ng severa| l|xeo asse|s a| |ne oompany {asse|s
se|||emen|j.
Kesepa|alar lerseoul lerd|r| dar| peryerarar (erar) o|darg larar
dar oargurar d| Ja|ar 8eroe| lrduslr| ll/ dar lv/5 0esa 8eroe|
Kecaralar waru 3|doarjo, Ja|ar Jerursar| ulara v No 2 dar
Jerursar| 3e|alar lv No 3 Ke|urarar JerurWorosar| Kecaralar
woroco|o 3uraoaya, serla Ja|ar 3|ro 0ururg 8aral lll A dar lll A/2
Ke|urarar Pulal Jaya Kecaralar 3aWarar 3uraoaya dar
peryerarar uarg seoesar Rp. Z00.000.000,-.
Tne agreemen| oons|s|s ol re|eas|ng 6 {s|xj |anos ano ou||o|ngs a|
Ja|an 3eroek lnous|r| ll/6 ano lv/5 0esa 3eroek reoama|an waru
$|ooaro, Ja|an Jemursar| u|ara v ho 2 ano Jemursar| $e|a|an lv
ho J re|uranan Jemuruonosar| reoama|an wonooo|o $uraoaya,
ano a|so a| Ja|an $|mo Sunung 3ara| lll / ano lll //2 re|uranan
Pu|a| Jaya reoama|an $auanan $uraoaya ano oasn paymen|
amoun||ng |o Rp. 700.000.000,-.
Alas larar dar oargurar lerseoul le|ar d||a|u|ar l|alar Jua| 8e||
dergar PT Aslra 3edaya F|rarce pada 13 0eseroer 200 yarg
re||pul| 3eo|darg Tarar la| 0ura 8argurar d| Ja|ar 8eroe|
lrduslr| ll/, Ja|ar 8eroe| lrduslr| lv/5 0esa 8eroe| Kecaralar
waru 3|doarjo, Ja|ar Jerursar| 3e|alar lv/3, Ja|ar Jerursar| ulara
v/2 Ke|urarar JerurWorosar| Kecaralar woroco|o dar Ja|ar
3|ro 0ururg 8aral lll A/2 Ke|urarar Pulal Jaya Kecaralar
3aWarar 3uraoaya, JaWa T|rur.
For |nose |anos ano ou||o|ngs nave oeen o|noeo oy se||-puronase
engagemen| u||n PT /s|ra $eoaya F|nanoe on 0eoemoer 'J, 2006
un|on |no|uoes severa| |anos u||n proper|y r|gn|s a| Ja|an 3eroek
lnous|r| ll/6, Ja|an 3eroek lnous|r| lv/5 0esa 3eroek reoama|an
waru $|ooaro, Ja|an Jemursar| $e|a|an lv/J, Ja|an Jemursar|
u|ara v/2 re|uranan Jemuruonosar| reoama|an wonooo|o ano
Ja|an $|mo Sunung 3ara| lll //2 re|uranan Pu|a| Jaya reoama|an
$auanan $uraoaya, Eas| Java.
Alas larar dar oargurar lerseoul le|ar d||a|u|ar A|la Jua| 8e||
dergar PT Aslra 3edaya F|rarce largga| 1 Jaruar| 200Z re||pul|
3eo|darg Tarar la| 0ura 8argurar roror 229/Ke|urarar
JerurWorosar| d| Ja|ar Jerursar| 3e|alar lv/3, largga| 23 Peoruar|
200Z re||pul| 3eo|darg Tarar la| 0ura 8argurar roror 1 dar
3/8eroe| d| Ja|ar 8eroe| lrduslr| ll/ dar lv/5, largga| 8 Varel
200Z re||pul| 3eo|darg Tarar la| 0ura 8argurar roror 30, 31
dar 32/Ke|urarar Pulal Jaya d| Ja|ar 3|rogururg Kraral T|rur lll,
largga| 22 0eseroer 200Z re||pul| 3eo|darg Tarar la| 0ura
8argurar roror 112/Ke|urarar JerurWorosar| d| Ja|ar Jerursar|
ulara v/2 3uraoaya, serla pada largga| 18 0eseroer 2008, le|ar
d||a|u|ar A|la Jua| 8e|| alas Tarar la| 0ura 8argurar roror 1/
Ke|urarar Pulal Jaya d| Ja|ar 3|rogururg 8aral lll A.
For |nose |anos ano ou||o|ngs nave oeen o|noeo oy se||-puronase
engagemen| u||n PT /s|ra $eoaya F|nanoe oa|eo January '6,
2007 un|on |no|uoes severa| |anos u||n proper|y r|gn|s numoer
229/re|uranan Jemuruonosar| a| Ja|an Jemursar| $e|a|an lv/J,
oa|eo Feoruary 2J, 2007 u|on |no|uoes severa| |anos u||n proper|y
r|gn|s numoer '6 ano J6/3eroek Ja|an 3eroek lnous|r| ll/6 ano lv/5,
oa|eo Varon 8, 2007 u|on |no|uoes severa| |anos u||n proper|y
r|gn|s numoer J0, J', ano J2/re|uranan Pu|a| Jaya a| a|an
$|mogung rrama| T|mur lll u||n a|so oa|eo 0eoemoer 22, 2007
u|on |no|uoes severa| |anos u||n proper|y r|gn|s numoer
'42/re|uranan Jemuruonosar| a| Ja|an Jemursar| u|ara v/2
$uraoaya, ano 0eoemoer '8, 2008 nave oeen o|noeo oy se||-
puronase engagemen| severa| |anos u||n proper|y r|gn|s numoer
64/re|uranan Pu|a| Jaya a| Ja|an $|mogunung 3ara| lll /.
R|rc|ar p|rjarar oerdasar|ar jadWa| peroayarar : Tne oe|a||s ol |ne ||ao|||||es oaseo on |ne sneou|e ol paymen|s are
as lo||ou .
Jalur lerpo da|ar larur : 0ue |n |ne year .
31 0esember 2011 | 31 0esember 2010 |
2011 2010
Rp Rp
500.000.000 500.000.000
21.312.Z90 21.312.Z90
5Z.898.Z12 100.835.538
- 5Z.898.Z12
Jum|ah 582.241.502 83.077.040 Total
2009
2010
2011
2012
2009
20'0
20''
20'2
PT. 0llo F|rarce PT. D||o F|nanoe
Pada largga| 30 Jur| 2008, Perseroar rerpero|er las|||las
pero|ayaar dar| 0lo F|rarce urlu| peroe||ar ur|l |erdaraar
|arlor dergar r||a| pero|ayaar se|ururrya seoesar
Rp. 312.158.320,-. Jarg|a Wa|lu pe|urasar 18 ou|ar, d|oeoar|
ourga 10,Z2 per larur dar d|jar|r dergar ur|l |erdaraar
lerseoul.
Dn oa|eo June J0, 2008, |ne 0ompany oo|a|neo |eas|ng lao||||y
lrom D|o F|nanoe lor puronase ol oll|oe ven|o|es un||s u||n a|| va|ue
amoun| Rp. J42.'58.J20,-. Tne lao|||||es are oue oe|ueen 48
moun|n, oear|ng |n|eres| '0,72/ per annum ano |nose are
oo||a|era||zeo oy a|| ol |nose ven|o|es.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
30
PT. 0r|x lrdores|a F|rarce PT Dr|x lnoones|a F|nanoe
Pada largga| 10 Noperoer, 20 0eseroer 2005 dar 1 Varel 200
Perseroar rerpero|er las|||las pero|ayaar dar| PT 0r|x lrdores|a
F|rarce urlu| peroe||ar ur|l |erdaraar |arlor dergar r||a|
pero|ayaar se|ururrya seoesar Rp. 1.31Z.385.000,-. Jarg|a Wa|lu
pe|urasar 35 ou|ar, d|oeoar| ourga 8 - 11 per larur dar
d|jar|r dergar se|urur ur|l |erdaraar lerseoul.
Dn oa|eo hovemoer '0, 0eoemoer 20, 2005 ano Varon ', 2006
0ompany oo|a|neo |eas|ng lao||||y lrom PT Dr|x lnoones|a F|nanoe
lor puronase ol oll|oe ven|o|es un||s u||n a|| va|ue amoun|
Rp. 4.J'7.J85.000,-. Tne lao|||||es are oue oe|ueen J5 moun|n,
oear|ng |n|eres| 8/ - ''/ per annum ano |nose are oo||a|era||zeo
oy a|| ol |nose ven|o|es.
18. H00AL 8AhAH 18. CAPlTAL 8T0CK
Perserlase Jur|ar
Per||||ar / Voda| 0|selor /
3er| A / 3er| 8 / Peroen|age ol To|a|
Nara Peregarg 3arar
$er|e / $er|e 3 ounersn|p pa|o-up oap||a|
Nare ol 3loc|ro|der
Rp
8eaulex 0llsrore lrc, 8r|l|sr - 230.000.000 35,08 23.000.000.000 3eau|ex Dllsnore lno, 3r|||sn
PT lrl|r|l| warara 3.100 110.221.123 21,39 11.021.112.300 PT lnl|n||| wanana
0ay 3pr|rg verlures lrc. - 11Z.000.000 1Z,81 11.Z00.000.000 0ay $pr|ng ven|ures lno.
l38C Pv 8K (3u|sse) - 5.000.000 9,91 .500.000.000 l$30 Pv 3r {$u|ssej
Vasyara|al (ras|rg-ras|rg
d|oaWar 5) 10.0Z9.098 3.359.281 15,Z8 2.3Z5.1ZZ.100 Puo||o {oe|ou 5/ eaonj
Jum|ah 40.082.498 15.583.704 1007 81.599.19.400 Total
Jur|ar sarar /
humoer ol snares
2011 dar / ano 2010
19. TAHAhAN H00AL 0|8ET0R - ER8|h 19. A00lTl0hAL PAl0-lh CAPlTAL - hET
Ag|o 3arar/
Pa|o-|n oap||a| |n 8|aya er|s| sarar/ Jur|ar/
exoess ol par va|ue $nare |ssuanoe oos| To|a|
Rp Rp Rp
Perge|uarar Z.315.900 sarar re|a|u| $a|e ol 7,J'5,900 0ompanys snares
perjua|ar sarar perusaraar pada |nrougn puo||o oller|ng
peraWarar urur 1991 500.000.000 - 500.000.000 |n '99'
Peroag|ar dev|der sarar 0|s|r|ou||on ol ',406,J96 o|v|oeo
seoarya| 1.10.39 |eroar snares |o s|ookno|oers
|epada peregarg sarar 2.2ZZ.81.000 - 2.2ZZ.81.000 |n '997
larur 199Z
Peroag|ar d|v|der sarar oorus 0|s|r|ou||on ol oonus snares
larur 199Z (198.3Z1.000) - (198.3Z1.000) |n '997
8a|do per 1 Januar| 1998 2.279.445.000 - 2.279.445.000 8alance as of January 1, 1998
Peroag|ar dev|der sarar oorus 0|s|r|ou||on ol oonus snares
seoarya| 1.03.300 |eroar oorus amoun||ng |o ',60J,J00 snares
larur 1998 (1.Z58.011.000) - (1.Z58.011.000) |n '998
Peroag|ar dev|der sarar 0|s|r|ou||on ol o|v|oeo snares
seoarya| 1.008.250 |eroar amoun||ng |o 4,008,250
larur 1998 (31.12.950) - (31.12.950) snares |n '998
8a|do per 1 Januar| 1999 204.938.050 - 204.938.050 8alances as of January1, 1999
Perge|uarar sarar 10.082.198 lssuanoe ol 40,082,498 ser|es /
ser| A _ Rp 500 dar 511.113.Z23 a| Rp 500 per snare ano 54',''J,72J
sarar ser| 8 _ Rp 100 larur 2001 - (5.592.331.20) (5.592.331.20) ser|es 3 a| Rp '00 per snare |n 200'
8a|do per 31 0esember 2011 204.938.050 (5.592.331.20} (5.387.393.15} 8alance as of 0ecember 31, 2011
31 0E8EHER 2011 0AN 1 JANUAR| 2010
31
20. KEPENT|NCAN N0N-PENCEN0AL| 20. h0h-C0hTR0LLlhC lhTERE8T8
R|rc|ar |eperl|rgar ror-pergerda|| alas e|u|las dar oag|ar
alas ras|| oers|r erl|las ara| yarg d||orso||das| ada|ar seoaga|
oer||ul :
0e|a||s ol non-oon|ro|||ng |n|eres|s |n |ne equ||y ano snare ol resu||s
ol ol oonso||oa|eo suos|o|ar|es are as lo||ous .
Pada aWa| Perdapalar Pada a|r|r
larur / Laoa rug| / |orprerers|l |a|r / larur /
/| oeg|nn|ng Prol|| ano
D|ner oomprenens|ve 0|v|der / La|r-|a|r / /| eno ol
ol year |oss |noome 0|v|oeno
D|ners
year
Rp Rp Rp Rp Rp Rp
PT. 3uraoaya Arlaulara 8ersara 13Z.51Z.20 (3Z3.3.181) - - - (235.818.9Z5)
PT. Zeora Ererg| 50.101.819 (11.12.823) - - - 35.Z5.02
PT. Zeora lrlerral|ora| 0ry Porl 312.000.000 - - - - 312.000.000
Jum|ah 499.49.055 (387.793.004} - - - 111.85.051
2011
Pada aWa| Perdapalar Pada a|r|r
larur / Laoa rug| / |orprerers|l |a|r / larur /
/| oeg|nn|ng Prol|| ano
D|ner oomprenens|ve 0|v|der / La|r-|a|r / /| eno ol
ol year |oss |noome 0|v|oeno
D|ners
year
Rp Rp Rp Rp Rp Rp
PT. 3uraoaya Arlaulara 8ersara 511.518.825 (3Z.9Z1.19) - - - 13Z.51Z.20
PT. Zeora Ererg| 1.Z.98 (11.5.13Z) - - - 50.101.819
PT. Zeora lrlerral|ora| 0ry Porl 312.000.000 - - - - 312.000.000
Jum|ah 891.18.811 (391.537.75} - - - 499.49.055
2010
21. PEN0APATAN U8AhA - ER8|h 21. hET REVEhJE8
2011 2010
Rp Rp
Perdapalar usara 1Z.220.23.151 21.833.101.918 he| sa|es
Perjua|ar 880 2.33.02.Z3 1.312.1Z1.2Z0 0hS sa|es
Jur|ar 19.854.225.824 23.175.57.188 To|a|
Perjua|ar 880 rerupa|ar perdapalar alas perjua|ar 880 o|er
PT Zeora Ererg| |epada p|ra| |el|ga.
0hS sa|es are 0hS ne| sa|es lrom PT Zeora Energy |o |n|ro
par||es.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
32
22. EAN LANC8UNC 22. 0lRECT C08T8
2011 2010
Rp Rp
eban Tax| Taxi Cost
8eoar pergerud| 0r|vers oos|
Kor|s|/prer| 3.511.002.Z11 3.892.519.981 0omm|ss|ons/prem|ums
3eragar 5.015.000 19.90.000 un|lorms
La|r-|a|r 93.311.000 108.088.000 D|ners
Jum|ah 3.09.31.741 4.020.297.984 Total
Kerdaraar usara Dpera||ng ven|o|es
8arar oa|ar dar pe|uras 3.998.92Z.08 5.8Z3.919.911 Fue| ano o||
3u|u cadarg 1.590.535.008 2.133.885.81 $pare par|
lj|r usara dar oeoar |erdaraar Dpera||ng ||oenses ano o|ner ven|o|es
|a|rrya 1Z8.909.Z85 1Z0.13.99 expenses
Jum|ah .08.372.401 8.477.942.78 Total
Peryusular |erdaraar usara dar 0epreo|a||on ol opera||ng ven|o|es ano
slas|ur dar pera|alar perg|s|ar 0hS relue||ng s|a||on
oarar oa|ar gas 5.Z03.11Z.Z01 8.132.801.012
Jum|ah 5.703.417.704 8.432.801.042 Total
eban C ChC cost
Teraga |erja |argsurg 29.11.000 - 0|reo| |aoour
Kerdaraar usara 328.11Z.Z11 12.111.500 Dpera||ng v|neo|es
8eoar po|o| perjua|ar 1.888.39.159 901.2Z0.825 0os| ol gooo so|o
Jum|ah 2.245.947.870 94.85.325 Total
Jum|ah eban Langsung 17.27.099.71 21.877.727.137 Total 0irect Cost
8eoar 880 rerupa|ar oeoar perjua|ar alas PT Zeora Ererg|
(erl|las ara|).
0hS oos| are oos| ol gooo sa|es ol PT Zeora Energy {suos|o|aryj.
23. EAN U8AhA 23. 0PERATlhC EXPEh8E8
2011 2010
Rp Rp
0aj| dar rarlaal |aryaWar (Calalar 2) 3.Z5.ZZ2.190 1.592.901.511 $a|ar|es ano emp|oyee oenel||s {ho|e 26j
8eoar |arlor 2.591.1.Z12 2.518.53.083 Dll|oe expenses
Par||r 511.91.50 502.151.150 Park|ng
lroa|ar pasca |erja 125.3Z1.09 Z0Z.32.058 Emp|oyee oenel||
Peryusular 11Z.019.3Z5 85.2.198 0epreo|a||on
Arorl|sas| oeoar pra operas| 29.111.Z35 11Z.Z.920 /mor||za||on ol pre opera||ng expense
8|aya paja| 31.598.2Z0 90.988.902 Tax expense
La|r-|a|r 1.12.9Z8.991 1.222.31.Z35 D|ners
Jum|ah 9.109.793.82 10.47.877.557 Total
31 0E8EHER 2011 0AN 1 JANUAR| 2010
33
24. PAJAK PENChA8|LAN 24. lhC0YE TAX
Varlaal paja| Perseroar dar erl|las ara| lerd|r| dar|: Tax expense ol |ne 0ompany ano ||s suos|o|ar|es oons|s| ol |ne
lo||ou|ng.
2011 2010
Rp Rp
Paja| K|r| - - 0urren| Tax
Paja| Targgurar (53.020.8) (2.890.339.138) 0elerreo |ax
Jum|ah (53.020.8} (2.890.339.138} Total
Paja| K|r| 0urren| Tax
Re|ors|||as| arlara |aoa seoe|ur paja| rerurul |aporar |aoa rug|
|orprerers|l |orso||das|ar dergar |aoa |era paja| ada|ar seoaga|
oer||ul :
Reoono|||a||on oe|ueen |noome oelore |ax per oonso||oa|eo
s|a|emen|s ol oomprenens|ve |noome ano |axao|e |noome |s as
lo||ous .
2011 2010
Rp Rp
Laoa (rug|) seoe|ur paja| rerurul lnoome {|ossj oelore |ax per oonso||oa|eo
|aporar |aoa rug| |orprerers|l |orso||das|ar (9.8Z0.1Z5.219) (12.311.29.1Z) s|a|emen|s ol oomprenens|ve |noome
Rug| (|aoa) seoe|ur oeoar paja|
erl|las ara| 1.055.10Z.95 911.801.193 lnoome oelore |ax ol suos|o|ar|es
Laoa seoe|ur oeoar paja| Perusaraar (8.815.07.254} (11.402.825.124} lnoome oelore |ax ol |ne 0ompany
Peroedaar lerporer : Temporary o|llerenoes.
Peryusular 1.335.019.52 2.511.1Z9.902 0epreo|a||on
Varlaal |aryaWar 35.919.228 (121.511.81Z) Emp|oyee oenel||s |n k|no
3eWa gura usara - 1.5Z0.3.01 leas|ng
Pery|s|rar p|ularg 390.55.503 398.29.215 Prov|s|on lor oouo|lu||
Jum|ah 2.082.555.383 4.355.840.37 Total
Peroedaar yarg l|da| dapal d|perr|lurg|ar honoeouo||o|e expenses {non|axao|e
rerurul l|s|a|: |noomej.
Kesejarleraar |aryaWar 1.20.080 358.199.331 Emp|oyee oenel||s
8eoar represerlas| 811.192.Z3 10.Z95.128 Represen|a||on expenses
3uroargar 3.118.800 5.Z30.000 0ona||on
Pergras||ar ourga (2.Z2Z.921) (1.010.131) ln|eres| |noome
Laoa (rug|) erl|las ara| - (3.2.Z98.93) Sa|n {|ossj suos|o|ar|es
8eoar paja| 2Z.1Z.900 35.8Z.150 Tax expense
Jur|ar 842.9.529 (2.803.247.212} Total
Laoa (rug|) |era paja| dar a|l|v|las rorra| (5.889.515.312) (9.850.231.90) Taxao|e |noome {|ossj lrom oro|nary ao||v|||es
3a|do aWa| larur (5Z.819.52Z.28) (1Z.99.295.32) 3a|anoe ol oeg|nn|ng ol year
Rug| l|s|a| yarg l|da| dapal d||orpersas| 2.1Z.22.01 - F|soa| loss unoompensa|eo
Jur|ar (55.313.25.2Z0) (1Z.99.295.32) To|a|
Rug| F|ska| Perseroan (1.232.810.12} (57.819.527.28} Fiscal Loss of the Company
31 0E8EHER 2011 0AN 1 JANUAR| 2010
31
Paja| K|r| 0urren| Tax
Re|ors|||as| arlara |aoa seoe|ur paja| rerurul |aporar |aoa rug|
dergar rug| l|s|a| ada|ar seoaga| oer||ul:
/ reoono|||a||on oe|ueen |noome oelore |ax per oonso||oa|eo
s|a|emen|s ol |noome ano l|soa| |oss |s as lo||ous.
2011 2010
Rp Rp
Laoa (rug|) |era paja| Taxao|e |noome {|ossj
dar| a|l|v|las rorra| (5.889.515.312) (9.850.231.90) lrom oro|nary ao||v|||es
3a|do aWa| larur (5Z.819.52Z.28) (1Z.99.295.32) 3a|anoe ol oeg|nn|ng ol year
Rug| l|s|a| l|da| dapal
d||orpersas| 2.1Z.22.01 - F|soa| |oss unoompensa|eo
Jur|ar (55.313.25.2Z0) (1Z.99.295.32) To|a|
Rug| F|ska| Perseroan (1.232.810.12} (57.819.527.28} Fiscal Loss of the Company
Paja| Targgurar 0elerreo Tax
8eoar paja| larggurar Perseroar dar erl|las ara| ada|ar seoaga|
oer||ul:
Tne oe|a||s ol |ne 0ompany ano ||s suos|o|ar|es oelerreo |ax
expenses are as lo||ous.
0||red|l|ar 0||red|l|ar
(d|oeoar|ar) |e 0|oeoar|ar |e 0||red||ar |e
|aporar |aoa rug|/ |aporar |aoa rug| |aporar |aoa rug| /
1 Jaruar| 2010 / 0reo||eo {onargeoj |o 31 0eseroer 2010 / Crarged lo 0reo||eo |o 31 0eseroer 2011 /
January ', 20'0 |noome lor |ne year 0eoemoer J', 20'0 |noome lor |ne year |noome lor |ne year 0eoemoer J', 20''
Rp Rp Rp Rp Rp Rp
Asel paja| larggurar 0elerreo |ax asse|s
Rug| l|s|a| 13.131.102.91 1.023.180.511 11.151.883.205 (19.0.88Z) 1.1Z2.38.33 15.308.202.51 F|soa| |oss
Varlaal |aryaWar Z01.51.1 (1.Z3.5) 81.891.008 (233.03.805) 89.23Z.30Z 511.091.510 Emp|oyee oenel||
Pery|s|rar p|ularg 11.Z8.32Z 81.911.31 21.9Z.91 - 88.112.12 335.110.08Z Prov|s|on lor oouo|lu|
KeWaj|oar paja| larggurar 0elerreo |ax asse|s
Peryusular asel 0epreo|a||on ol proper|y
lelap (9.23.19.53) 2Z.89.9Z (8.08.ZZ9.58Z) - 333.Z2.113 (8.2Z5.01Z.1Z1) ano equ|pmen|
Asel seWa gura usara 11Z.055.539 392.59.012 809.Z11.551 (809.Z11.551) - - leaseo asse|s
Jum|ah 5.478.249.58 2.109.157.480 7.587.407.138 (1.1.818.243} 1.983.798.182 7.909.387.07 Total
Erl|las ara| 352.015.059 Z81.181.58 1.133.19.Z1Z (33.10.119) 5ZZ.500.89 1.31Z.23Z.11 $uos|o|ar|es
Jum|ah 5.830.24.717 2.890.339.138 8.720.03.855 (2.025.278.392} 2.51.299.078 9.25.24.541 Total
Re|ors|||as| arlara pergras||ar (oeoar) paja| dar ras|| per|a||ar
|aoa a|urlars| seoe|ur paja| dergar paja| yarg oer|a|u ada|ar
seoaga| oer||ul :
/ reoono|||a||on oe|ueen |ne |o|a| |ax expense ano |ne amoun|s
oompu|eo oy app|y|ng |ne elleo||ve |ax ra|es |o |noome {|ossj
oelore |ax |s as lo||ous .
2011 2010
Rp Rp
Laoa seoe|ur oeoar paja| rerurul
|aporar |aoa rug| |orso||das|ar (|aoa lnoome oelore |ax per oonso||oa|eo
a|urlars|) (9.8Z0.1Z5.219) (12.311.29.1Z) s|a|emen|s ol |noome
Rug| (|aoa) seoe|ur oeoar paja|
erl|las ara| 1.055.10Z.95 911.801.193 lnoome oelore |ax ol suos|o|ar|es
Laba 8ebe|um eban Pajak Perseroan (8.815.07.254} (11.402.825.124} lncome 8efore Tax of The Company
31 0E8EHER 2011 0AN 1 JANUAR| 2010
35
2011 2010
Rp Rp
8eoar paja| dergar lar|l paja| yarg oer|a|u Tax expenses elleo||ve |ax ra|e .
25 x Rp 8.815.0Z.251,- (2.203.Z.811) - 25/ x Rp 8.8'5.067.254,-
25 x Rp 11.102.825.121,- - (2.850.Z0.281) 25/ x Rp ''.402.825.'24,-
Jum|ah (2.203.7.814} (2.850.70.281} Total
Pergras||ar (8eoar) yarg l|da| dapal hon |axao|e |noome {nonoeouo||o|e
d|oeoar|ar expensesj
Kesejarleraar |aryaWar (301.520) (89.519.831) Emp|oyee oenel||s
Represerlas| (203.518.18) (115.198.Z82) Represen|a||on
3uroargar (ZZ9.Z00) (1.132.500) 0ona||ons
8eoar paja| (.Z91.225) (8.9.83) Tax expense
Perdapalar yarg le|ar d|polorg
paja| l|ra| 81.981 20.108 ln|eres| |noome
8eoar paja| Perseroar (2.111.508.11) (3.05.591.152) Tne 0ompany - |ax expense
8eoar paja| erl|las ara| - Z81.181.58 $uos|o|ar|es - |ax expense
Rug| l|s|a| yarg l|da| dapal
d||orpersas| 19.05.501 - F|soa| |oss unoompensa|eo
3eWa pero|ayaar 809.Z11.551 - F|nanoe |ease oo||ga||ons
Varlaal |aryaWar 233.03.805 - Emp|oyee oenel||s
8eoar paja| yarg l|da| lerpu||r|ar 21.Z0.900 (05.92.15) Tax ra|e reouo||on
Jum|ah eban Pajak (53.020.8} (2.890.339.138} Total Tax Expense
25. RUC| PER 8AhAH 25. L088 PER 8hARE
8er||ul |r| ada|ar dala yarg d|gura|ar urlu| perr|lurgar urlu|
perr|lurgar rug| per sarar dasar:
Tne oompu|a||on ol oas|o |oss per snare |s oaseo on |ne lo||ous.
2011 2010
Rp Rp
Rug| oers|r (9.331.151.533) (9.121.290.1Z9) he| |oss
To|a| ue|gn|eo average numoer ol
Jur|ar sarar rala-rala (|eroar) 55..202 55..202 ou|s|ano|ng snares
Laoa oers|r per sarar (14,24} (14,37} 3as|o earn|ngs per snare
Pada larur 2005 dar 2001, rarga pe|a|saraar Warar l |eo|r oesar
dar| rarga pasar sarar, |arera |lu Warar l l|da| d|perl|roarg|ar
da|ar rergr|lurg |aoa oers|r per sarar d||us|ar. 0ergar
der|||ar, |aoa oers|r per sarar d||us|ar ada|ar sara dergar |aoa
oers|r per sarar dasar.
ln 2005 ano 2004, |ne exero|se pr|oe ol ser|es l uaran|s {ho|e 2'j
|s grea|er |nan |ne marke| pr|oes ol |ne snares, nenoe |ne ser|es l
uaran|s are no| oons|oereo |n oompu||ng o||u|eo EP$. 0||u|eo EP$
|s |nus |ne same u||n oas|o EP$.
2. |HALAN PA86A KERJA 26. EYPL0YEE 8EhEFlT8 08LlCATl0h
Pada largga| 31 0eseroer 2011 dar 2010, Perseror dar erl|las
ara| rercalal sa|do pery|s|rar |roa|ar |erja |aryaWar, uarg
pesargor, uarg pergrargaar dar garl| rug| ras|rg-ras|rg
seoesar Rp. 2.593.021.3Z,- dar Rp. 3.139.580.53,-. 8eoar
|esejarleraar |aryaWar seoesar Rp.125.3Z1.09,- dar
Rp. Z0Z.32.058,- ras|rg-ras|rg pada largga| 31 0eseroer 2011
dar 2010 d|saj||ar seoaga| oag|ar dar| oeoar gaj| dar
|esejarleraar |aryaWar pada |aporar |aoa rug| (Calalar 23).
/| 0eoemoer J', 20'' ano 20'0, Tne 0ompany ano suos|o|ar|es
reooroeo |ne aoorua|s lor emp|oyee oenel||s, severanoe, gra|u||y
ano oompensa||on un|on amoun|eo |o Rp. 2.593.021.3Z,- oan
Rp. J.'J9.580.65J,- as ol 0eoemoer J', 20'' ano 20'0
respeo||ve|y. Tne re|a|eo emp|oyee oenel|| expenses amoun|eo |o
Rp. 125.3Z1.09,-,- ano Rp. 707.6J2.058,- |n 20'' ano 20'0 ano
are presen|eo as par| ol sa|ar|es ano emp|oyee expenses |n |ne
oonso||oa|eo s|a|emen|s ol |noome {ho|e 2Jj.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
3
Perseroar rerga|u| pery|s|rar |roa|ar |erja |aryaWar per 31
0eseroer 2011 dar 2010 oerdasar|ar perr|lurgar PT 8ur|
0rarra A|luar|a, a|luar|s |rdeperder, da|ar |aporarrya
No. 590 / |ap-uuK / 8da / lll / 2012 largga| 1 Varel 2012 dar
No. 591 / |ap-uuK / 8da / lll / 2012 largga| 1 Varel 2012.
0ompany aoorueo emp|oyee oenel||s as ol 0eoemoer J', 20'0
ano 2009 oaseo on repor| ol PT 3um| 0narma /k|uar|a, ano
ho ho. 590 / |ap-uur / 3oa / lll / 20'2 oa|eo Varon '6, 20'2 ano
ho. 59' / |ap-uur / 3oa / lll / 20'2 oa|eo Varon '6, 20'2.
2011 2010
Rp Rp
3a|do aWa| larur 3.139.580.53 2.55.193.112 3eg|nn|ng oa|anoe ol |ne year
Peraroarar larur oerja|ar 125.3Z1.09 Z0Z.32.058 /ooeo on |ne year
Peroayarar larur oerja|ar (9Z1.930.895) (121.511.81Z) Pay ol on |ne year
8a|do akh|r tahun 2.593.024.37 3.139.580.53 Ended balance year
27. 8|FAT 0AN TRAN8AK8| P|hAK ERELA8| 27. hATJRE 0F RELATl0h8hlP Ah0 TRAh8ACTl0h8 wlTh
RELATE0 PARTlE8
3|lal P|ra| 8ere|as| ha|ure ol Re|a||onsn|p
3leady 3ale To|, rerupa|ar Perseroar yarg seoag|ar peregarg
sararrya sara dergar peregarg sarar ulara Perseroar.
$|eaoy $ale Tok are oompan|es un|on s|ookno|oer |s |ne same as
|ne maor||y s|ookno|oer ol |ne oompany.
Trarsa|s|-lrarsa|s| P|ra| 8ere|as| Transao||ons u||n Re|a|eo Par||es
0a|ar |eg|alar usararya Perseroar dar erl|las ara| re|a|u|ar
lrarsa|s| lerlerlu dergar p|ra| yarg oere|as|, yarg re||pul| arlara
|a|r :
ln |ne norma| oourse ol ous|ness, |ne 0ompany ano ||s suos|o|ary
en|ereo |n|o oer|a|n |ransao||ons u||n re|a|eo par||es, |no|uo|ng |ne
lo||ou|ng .
8|aya yarg d|oayar|ar |epada PT 3leady 3ale To|, alas
peryeWaar urlu| dua ur|l o|s AC dar salu ur|l o|s regu|er. 3a|do
ularg o|aya lerseoul d|calal seoaga| oag|ar dar| ularg |a|r-|a|r
|epada p|ra| yarg oere|as| yarg re||pul| 21,1 dar 21,Z8 dar|
jur|ar ularg ras|rg-ras|rg pada largga| 31 0eseroer 2011 dar
2010.
Ren| pa|o |o PT $|eaoy $ale Tok, oover|ng |uo un||s a|r
oono|||oneo ouses ano one un||s ol regu|ar ous. /| |ne oa|anoe
snee| oa|e, |ne ||ao|||||es lor |ne ren| expenses uere presen|o as
payao|es |o re|a|eo par|y, un|on oons|||uoeo 24,64/ ano 21,Z8
ol |ne |o|a| ||ao|||||es as June J0, 20'' ano 20'0.
28. |NF0RHA8| 8ECHEN U8AhA 28. 8J8lhE88 8ECYEhT lhF0RYATl0h
8egmen Usaha 8usiness 8egment
urlu| lujuar pe|aporar rarajerer, saal |r| Perseroar dar erl|las
ara| d|oag| da|ar dua d|v|s| operas| - jasa la|s| dar oarar oa|ar
gas. 0|v|s|-d|v|s| lerseoul rerjad| dasar pe|aporar |rlorras|
segrer pr|rer Perseroar dar Erl|las Ara|.
For managemen| repor||ng purposes, |ne 0ompany eno ||s
suos|o|ar|es are ourren||y organ|zeo |n|o |uo opera||ng o|v|s|ons -
|ax| ol serv|oes ano oompresseo na|ura| gas. Tnese o|v|s|ons are
|ne oas|s on un|on |ne 0ompany ano ||s suos|o|ar|es repor| |na|r
pr|mary segmen| |nlorma||on.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
3Z
Keg|alar ulara d|v|s| lerseoul lerd|r| dar|: Tre pr|rc|pa| acl|v|l|es ol lrese d|v|s|ors cors|sl ol:
Jasa la|s|
8arar oa|ar gas
Tax| ol serv|oes
0ompresseo na|ura| gas
Perdapalar e|slerra| 1Z.220.23.151 2.33.02.Z3 - 19.851.225.821 Ex|erna| revenue
Perdapalar arlar segrer - 3.Z53.81.033 (3.Z53.81.033) - ln|er segmen| sa|es
Pendapatan bers|h 17.220.23.151 .387.283.70 (3.753.81.033} 19.854.225.824 het income
eban |angsung 0irect cost
8eoar |argsurg e|slerra| (9.212.522.935) (.09.128.90Z) - (15.311.51.812) Ex|erna| o|reo| oos|
8eoar |argsurg arlar segrer (.09.128.90Z) - 3.Z53.81.033 (2.315.11Z.8Z1) ln|er segmen| oos|
eban |angsung (15.311.51.842} (.09.128.907} 3.753.81.033 (17.27.099.71} 0irect cost
has|| segmen 8egment result
8eoar usara (Z.82.581.92Z) (1.283.208.935) - (9.109.Z93.82) Dpera||ng expenses
Rug| usaha (5.917.13.18} (95.054.13} - (.882.7.754} Loss fromoperating
Rug| se||s|r |urs - (203.22.582) - (203.22.582) loss on lore|gn exonange
Pergras||ar ourga 2.Z2Z.921 30.522.Z50 - 33.250.Z1 ln|eres| |noome
8eoar ourga (.35.832) (1Z5.250.35) - (511.0Z.1Z) ln|eres| expense
8eoar pery|s|rar p|ularg (11.28.1Z2) (Z.182.00) - (153.Z8.532) Prov|s|on oouo|lu| reoe|vao|es
Laoa perjua|ar asel lelap Z2.953.202 - - Z2.953.202 Sa|n on o|sposa| ol proper|y ano
equ|pmen|
La|r-|a|r - oers|r (2.135.Z51.Z08) 210.81.918 - (1.895.0Z2.Z0) D|ner - ne|
Pergras||ar (oeoar) paja| 0|llered lax |rcore (crarges)
larggurar - oers|r 192.98.1 313.052.010 - 53.020.8 - rel
Rug| bers|h (8.297.31.857} (1.03.792.7} - (9.334.154.533} het losses
|nformas| segmen 8egmen information
Tola| asel segrer 59.013.Z1.508 5.55.50Z.111 (Z.929.18Z.99) 5.50.083.95 To|a| segmen| asse|s
KeWaj|oar segrer (3.031.1Z2.31Z) (.10.11.21Z) 1.198.95.33Z (38.112.82Z.19Z) $egmen| ||ao|||||es
31 0E8EHER 2011 0AN 1 JANUAR| 2010
38
Jasa taks|| ahanbakar gas| E||m|nas|| Jum|ah|
Taxi of services Compressednatural gas Elimination Total
Rp Rp Rp Rp
Pendapatan het revenues
Perdapalar e|slerra| 21.833.101.918 1.312.1Z1.2Z1 - 23.1Z5.5Z.188 Ex|erna| revenue
Perdapalar arlar segrer - 1.10.301.512 (1.10.301.512) - ln|er segmen| sa|es
Pendapatanbers|h 21.833.401.918 5.982.475.813 (4.40.301.542} 23.175.57.188 het income
eban|angsung 0|rect cost
8eoar |argsurg e|slerra| (20.89.291.810) (981.135.328) - (21.8ZZ.Z2Z.13Z) Ex|erna| o|reo| oos|
8eoar |argsurg arlar segrer - (1.10.301.512) 1.10.301.512 - ln|er segmen| oos|
eban|angsung (20.89.291.810} (5.21.73.870} 4.40.301.542 (21.877.727.137} 0irect cost
has|| segmen 8egment result
8eoar usara (9.01.531.21) (1.013.315.93) - (10.1Z.8ZZ.55Z) Dpera||ng expenses
Laba (rug|} usaha (8.7.421.513} (82.0.993} - (9.350.028.50} lncome [loss} fromoperations
Laoa (rug|) se||s|r |urs - 1.98.Z12 - 1.98.Z12 0a|r (|oss) or lore|gr excrarge
Perdapalar ourga 1.012.1Z 22.90.198 - 23.Z33.115 ln|eres| |noome
8eoar ourga (9.935.15Z) (10.Z90.1Z1) - (10Z.Z25.28) ln|eres| expense
8eoar pery|s|rar p|ularg (11.112.5Z5) - - (11.112.5Z5) Prov|s|on lor oouo|lu| reoe|vao|e
Rug| perjua|ar asel lelap (311.888.221) - - (311.888.221) loss on o|sposa| ol proper|y ano
equ|pmen|
La|r-|a|r - oers|r (2.112.51.5Z1) - - (2.112.51.5Z1) D|ners - ne|
Pergras||ar (oeoar) paja| 0|llered lax |rcore (crarges)
larggurar - oers|r 2.ZZ3.Z.Z59 11.Z1.3Z9 - 2.890.339.138 - rel
Rug| bers|h (8.875.223.934} (549.0.545} - (9.424.290.479} het losses
|nformas| segmen 8egmeninformation
Tola| asel segrer 5.Z81.5Z9.838 1.Z39.380.5Z5 (5.5Z.13.Z5Z) 1.83.31.51 To|a| segmen| asse|s
KeWaj|oar segrer (31.501.25.Z89) (1.Z1Z.91.Z0) 2.22Z.382.099 (31.021.935.30) $egmen| ||ao|||||es
31 0eseroer 2010 / 0eoemoer J', 20'0
29. |KATAN 29. ACREEYEhT8
a. Pada largga| 2Z 3epleroer 2005, Perseroar rerardalargar|
perjarj|ar jua| dar seWa |eroa|| dergar PT 0r|x lrdores|a
F|rarce urlu| peroe||ar |erdaraar usara (lyurda| Exce|).
Jarg|a Wa|lu seWa ada|ar 3 larur dergar l|rg|al su|u ourga
ele|l|l 8,80 per larur dar a|ar d|l|rjau u|arg sel|ap larur,
ularg |r| d|jar|r dergar asel lelap yarg oersarg|ular .
a. Dn $ep|emoer 27, 2005, |ne 0ompany en|ereo |n|o a sa|e ano
|easeoaok agreemen| u||n PT Dr|x lnoones|a F|nanoe oover|ng
opera||ng ven|o|es {lyunoa| Exoe|j. Tne |eases nave |erm ol
|nree years u||n elleo||ve |n|eres| 8,80 / per annum ano u|||
oe rev|eueo annua|y. Tna| lao||||y seoureo oy |ne re|a|eo
|easeo asse|s.
o. Pada largga| 2 Noperoer 200Z, Perseroar rerardalargar|
rola |esepararar |erjasara dergar PT Kerela Ap| (Persero)
urlu| peroargurar 0ry Porl d| |aWasar Jaoaoe|a dergar
rerggura|ar sarara arg|ul |erela ap| |e Pe|aourar Tarjurg
Pr|o|.
o. Dn hovemoer 26, 2007 |ne oompany s|gneo Vemoranoum Dl
unoers|ano|ng u||n PT rere|a /p| {Perseroj, |n oroer |o
oeve|op 0ry Por| a| Jaoaoeka area oy us|ng |ra|n |ranspor| |o
Tanung Pr|ok laroour.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
39
30. PER|8T|wA 8ETELAh TANCCAL NERA6A 30. 8J88E0JEhT EVEhT
a. wese| oayar yarg jalur lerpo pada largga| 31 0eseroer 2011
seoesar Rp. 23.983.29.11,- le|ar d|perparjarg sesua| dergar
Adderdur Perjarj|ar P|rjarar lX, largga| 2 jaruar| 2012 yarg
d|perparjarg sarpa| dergar largga| 31 0eseroer 2012.
Cara pe|urasar alas p|rjarar |r| oerdasar|ar Perjarj|ar
P|rjarar pasa| 1 dapal d||a|u|ar dergar cara seoaga| oer||ul :
0||a|u|ar secara lura| dar se|a||gus pada saal oera|r|rrya
Pror|ssory Noles (PN) alau
Ve|a|u|ar |orvers| p|rjarar rerjad| sarar apao||a pada
saal Wa|lu pergguraar p|rjarar le|ar rercapa| jarg|a
Wa|lu ||ra larur seja| d|lardalargar|rya perjarj|ar |r| ya|lu
lerlargga| 5 0|looer 2012.
o. Fas|||las |red|l re|er|rg |orar dar| PT 8ar| v|clor|a
lrlerras|ora| To| dergar p|alor Rp.1.500.000.000,- le|ar jalur
lerpo pada largga| 1 Varel 2012 sesua| sural
Rel.No.80-1202021. Perseroar rergaju|ar perparjargar alas
las|||las |red|l lerseoul.
a. Prom|ssory no|es ma|ure on 0esemoer J', 20'' amoun||ng |o
Rp 2J.98J.269.'64,- nas oeen ex|enoeo |n aoooroanoe u||n
|ne /ooenoum lX loan /greemen|, oa|eo January 2, 20'2
un|on ex|enoeo un||| 0eoemoer J', 20'2.
way ol repaymen| lor |n|s loan /greemen| ar||o|e 4 oan oe
oone |n |ne lo||ou|ng manner .
Vaoe |n oasn ano a| |ne same ||me upon |ne exp|ra||on ol
Prom|ssory ho|es {Phj or
Perlorm oonvers|ons ol |oans |n|o snares |l a| |ne ||me
unen |ne use ol |oans nave reaoneo a per|oo ol l|ve years
lrom |ne s|gn|ng ol |n|s agreemen| |s oa|eo Do|ooer 5,
20'2.
o. 0reo|| lao||||y oneok|ng aoooun| lrom 3ank v|o|or|a ln|erna||ona|
Tok u||n p|alon Rp. '.500.000.000,- nas oeen oue oa|e Varon
'6, 20'2 u||n aoooroanoe |e||er Rel.ho.30-'202024. Tne
0ompany proposeo |ne ex|ens|on ol |ne oreo|| lao||||y.
31. PERNYATAAN 8TAN0AR AKUNTAN8| KEUANCAN YANC
0|REV|8|
31. REVl8E0 8TATEYEhT8 0F FlhAhClAL ACC0JhTlhC
8TAh0AR0
8er||ul |r| ||rl|sar rev|s| Perryalaar 3lardar A|urlars| Keuargar
(P3AK) yarg oaru-oaru |r| d|lero|l|ar o|er l|alar A|urlar lrdores|a:
Tne lo||ou|ng summar|zes |ne Rev|seo $|a|emen|s ol F|nano|a|
/oooun||ng $|anoaros {P$/rj un|on uere reoen||y |ssueo oy |ne
lnoones|an lns|||u|e ol /oooun|an|s.
a. P3AK 50 (Rev|s| 200), 'lrslrurer Keuargar : Peryaj|ar dar
Pergurg|apar, oer|s| persyaralar peryaj|ar dar| |rslrurer
|euargar dar perg|derl|l||as|ar |rlorras| yarg rarus
d|urg|ap|ar. Persyaralar peryaj|ar lerseoul oer|a|u
lerradap ||as|l||as| |rslrurer |euargar, dar| perspe|l|l
perero|l, da|ar asel e|u|las; perg||as|l||as|ar yarg ler|a|l
dergar su|u ourga, d|v|der, |erug|ar dar |eurlurgar, dar
|eadaar d|rara asel |euargar dar ||ao|||las |euargar a|ar
sa||rg rapus. P3AK |r| rersyaral|ar pergurg|apar, arlara
|a|r : |rlorras| rergera| la|lor yarg rerpergarur| jur|ar,
Wa|lu dar l|rg|al |epasl|ar arus |as rasa dalarg yarg
ler|a|l dergar |rslrurer |euargar dar |eo|ja|ar a|urlars|
yarg d|lerap|ar urlu| |rslrurer lerseoul. P3AK 50 (Rev|s|
200) |r| rerggarl|u|ar P3AK 50, 'A|urlars| lrveslas| Ele|
Terlerlu dar d|lerap|ar secara prospe|l|l urlu| |aporar
|euargar yarg rerca|up per|ode yarg d|ru|a| pada alau
sele|ar 1 Jaruar| 2010. Pererapar |eo|r d|r| d|arjur|ar.
a. $F/$ 50 {Rev|seo 2006j, " F|nano|a| lns|rumen|s .
Presen|as|on ano 0|so|osure, un|on oon|a|ns o|so|osure
requ|remen|s lor l|nano|a| |ns|rumen|s ano or||er|a
|nlorma||on mus| oe o|so|oseo. 0|so|osure requ|remen|s are
app||eo |n |ne o|ass|l|oa||on ol l|nano|a| |ns|rumen|s, lrom |ne
perspeo||ve ol |ne |ssuer, |n|o l|nano|a| asse|s, l|nano|a|
||ao|||||es ano equ||y |ns|rumen|s; o|ass|l|oa||on ol |n|eres|,
oev|oenos, ga|ns ano |osses re|a|eo; ano oer|a|n s||ua||ons
uere ollse|||ng l|nano|a| asse|s ano ||ao|||||es are a||oueo.
Tn|s s|anoaro a|so requ|res o|so|osure ol among o|ners,
|nlorma||on aoou| lao|ors - lao|ors |na| |nl|uenoe |ne
se|eo||on ol aoooun||ng po||o|es lor l|nano|a| |ns|rumen|s.
$F/$ 50 {Rev|seo 2006j superseoes $F/$ 50, " /oooun||ng
lor 0er|a|n lnves|men|s |n $our|||es, ano |s app||eo
prospeo||ve|y lor l|nano|a| s|a|emen|s oover|ng per|oos
oeg|nn|ng on or al|er January ', 20'0. Ear|y app||oa||on |s
enoourageo.
o. P3AK 55 (Rev|s| 200), 'lrslrurerl Keuargar : Perga|uar
dar Pergu|urar, rergalur pr|rs|p-pr|rs|p dasar perga|uar
dar pergu|urar asel |euargar, ||ao|||las |euargar, dar
|orlra| peroe||ar dar perjua|ar |ler ror-|euargar. P3AK
|r| arlara |a|r: reroer||ar del|r|s| dar |ara|ler|sl|| lerradap
der|val|l, |alegor| dar| |rslrurer |euargar, perga|uar dar
pergu|urar, a|urlars| ||rdurg r||a| dar perelapar dar|
ruourgar ||rdurg r|a|. P3AK 55 (Rev|s| 200) |r|
rerggarl||ar P3AK 55 (Rev|s| 1999), 'A|urlars| lrslrurer
0er|val|l dar A|l|v|las L|rdurg N||a|, dar d|lerap|ar secara
prospe|l|l urlu| |aporar |euargar yarg rerca|up per|ode
yarg d|ru|a| pada alau sele|ar 1 Jaruar| 2009. Pererapar
|eo|r d|r| d|arjur|ar.
o. P$/r ho. 55 {Rev|seo 2006j, "F|nano|a| lns|rumen|s .
Reoogn|||on ano Veasuremen|s, es|ao||snes |ne pr|no|pkes
lor reoogn|z|ng ano measur|ng l|nano|a| ass|es, l|nano|a|
||ao|||||es, ano some oon|rao|s |o ouy or sne|| non-l|nano|a|
||ems. Tn|s s|anoaro prov|oes lor |ne oel|n|||ons ano
onarao|er|s||os ol a oer|va||ve, |ne oa|egor|es ol l|nano|a|
|ns|rumen|, reoogn|||on ano measuremen|, neoge aoooun||ng
ano oe|erm|na||on ol neog|ng re|a||onsn|ps among o|ners.
P$/r 55 {Rev|seo 2006j superseoes P$/r ho 55,
"/oooun||ng lor 0er|va||ves lns|rumen|s ano leog|ng
/o||v|||es, ano |s app||eo prospeo||ve|y lor l|nano|a|
s|a|emen|s oover|ng |ne per|oos oeg|nn|ng on or al|er
January ', 2009. Ear|y app||oa||on |s prem|||eo ano snou|o oe
o|so|oseo.
31 0E8EHER 2011 0AN 1 JANUAR| 2010
10
Perseroar oe|ur rerg|rp|ererlas||ar P3AK 50 (Rev|s|
200) dar P3AK 55 (Rev|s| 200) da|ar peryaj|ar |aporar
|euargar larur 2011. Varajerer Perseroar oer|eya||rar
oarWa pererapar slardar |r| l|da| oerdarpa| s|gr|l||ar
lerradap |aporar |euargar |orso||das|ar per largga|
31 0eseroer 2011 dar 1 Jaruar| 2010.
Tne 0ompany nas no| |mp|emen|eo $F/$ 50 {Rev|seo
2006j ano $F/$ 55 {Rev|seo 2006j |n |ne prepara||on ol
l|nano|a| s|a|emen|s |n 20''. |ne 0ompanys managemen|
argueo |na| u||n no| |mp|amen|a||on s|anoaros |s no|
s|gn|l|oan| |mpao| |o oonso||oa|eo l|nano|a| s|a|emen|s ol
oompanys as ol 0eoemoer J', 20'' ano January ', 20'0.
32. KELANC8UNCAN U8AhA PER8ER0AN 32. C0lhC C0hCERh C0YPAhY
Laporar |euargar |orso||das|ar d|susur dergar asurs| Perseroar
a|ar re|arjul|ar usararya secara oer|es|rarourgar. 3arpa|
dergar larur 2011, |eg|alar usara Perseroar rerga|ar|
perururar usararya, arlara |a|r d|larda| dergar adarya rug| yarg
oerlurul-lurul ser|rgga oera||oal del|s|l sarpa| dergar larur 2011
seoesar Rp. 5Z.81.825.535,-, ||ao|||las |arcar Perseroar re|eo|r|
asel |arcarrya seoesar Rp. 21.025.111.91,- serla arus |as regal|l
dar| a|l|v|las operas| seoesar Rp. 5.3Z2.123.300,-. urlu|
rergradap| |eadaar lerseoul peregarg sarar dar rarajerer
Perseroar oerupaya reryusur rercara slraleg|s, arlara |a|r :
0onso||oa|eo l|nano|a| s|a|emen|s nao oeen prepareo u||n
assump||on |na| |ne 0ompany u||| oon||nue |ne ous|ness
s|mu||aneous|y. ln 20'' 0ompany ous|ness oore oeo||neo, suon as
oon||nueo |osses un||| oel|o|| lor |ne year enoeo 20'' amoun||ng |o
Rp. 57.8'6.825.5J5,-, ||s ourren| ||ao|||||es exoeeoeo |ne ourren|
asse|s amoun||ng ol Rp. 24.025.'''.96',- ano nega||ve ol oasn
l|ous lrom opera||ng ao||v|||es amoun| |o Rp. 5.J72.'2J.J00,-.
To |mprove |ne oono|||ons, |ne s|ookno|oers ano managemen|
oeve|opeo ous|ness |o arrange s|ra|egy p|an, suon as.
Vergopl|ra||ar operas| ur|l yarg ada
Vergopl|ra||ar perjua|ar 880 |epada p|ra| |el|ga
Pererajaar dar peraroarar ur|l lax| oaru
Ve|a|u|ar reslru|lur|sas| alas ularg jarg|a parjarg
Verja|ar|ar operas|ora| erl|las ara| yarg oe|ur re|a|u|ar
|eg|alar usara
Perlorm op||m|zeo opera||ng |ax| l|ee|
Perlorm op||m|zeo 0hS sa|es |o |ne |n|ro par||es
Prooe |o |norease neu |ax| l|ee|
0omm|| |o res|ruo|ur|ng ol |ong |erm |oans
0on||nues |o opera||ng suos|o|ar|es
Perseroar juga rerpero|er du|urgar dara secara lerus rererus
dar| dar| para peregarg sarar da|ar re|arjul|ar operas|rya
seoaga| erl|las yarg oer|erarpuar urlu| rerperlarar|ar
|e|argsurgar usararya dar reroayar ||ao|||las yarg jalur lerpo
seja| 12 ou|ar dar| largga| |aporar d|re|s|.
Tne 0ompany a|so oo|a|neo oon||nu|ng l|nano|a| suppor| lrom
s|ookno|oers |o opera|e as go|ng oonoern ano |o pay ma|ureo
||ao|||||es a| |eas| '2 mon|ns lrom |ne oa|e ol |ne sa|o |e||ers.
0ar| rercara lerseoul d|alas, peregarg sarar dar rarajerer
Perseroar opl|r|s secara ele|l|l dapal re|a|sara|arrya.
/s |ne p|an go|ng, |ne s|okeno|oers ano managemen| ol |ne
0ompany ensures oan respono elleo||ve|y.
33. REKLA8|F|KA8| AKUN 33. RECLA88lFlCATl0h 0F ACC0JhT8
8eoerapa a|ur da|ar |aporar |euargar larur 2010 le|ar
d|re||as|l||as| agar sesua| dergar peryaj|ar |aporar |euargar
larur 2011.
To oonlorm u||n 20'0 oonso||oa|eo l|nano|a| s|a|emen|
presen|a||on, severa| aoooun|s |n |ne 20'' oonso||oa|eo l|nano|a|
s|a|emen|s uere reo|ass|l|eo.
34. PER8ETUJUAN ATA8 LAP0RAN KEUANCAN K0N80L|0A8|AN 34. APPR0VAL 0F ThE C0h80Ll0ATE0 FlhAhClAL
8TATEYEhT8
Laporar |euargar |orso||das|ar dar| ra|arar 1 sarpa| dergar 10
le|ar d|seluju| o|er 0|re|lur urlu| d|lero|l|ar pada largga|
30 Varel 2012.
Tne oonso||oa|eo l|nao|a| s|a|emen|s on page 4 |o 40 uere
approveo oy |ne 3oaro 0|reo|ors, ano au|nor|zeo lor |ssue on
Varon J0, 20'2.

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